Thanks Sanar5. I did read it as LKE anns. Yet, that LKE ann, what "should" have been an SP catalyst, and was, temporarily, was smashed down by the force of numbers that J P Morgan control, and now they control over 95 million.
I understand your point re those shares having to be bought back, but, J P Morgan has taken 'normality" out of the LKE market, as they are simply swapping within their numerous trading names. They won't be BUYING, thus, forcing the SP up. As we have just seen, they just dump on market whenever the SP threatens to rise and then "buy" them back with straight swaps, or actual purchases at the lower price that THEY continue to CREATE!! There is no genuine opposition.
Who is large enough to take on J P Morgan's massive arsenal?
Is a straight takeover, or, massive injection of joint funding, the only realistic possibility for substainable SP gains that can't be ignored by other fund managers with vested interests in managing value for their managed funds? They, too, have seen their ASX200 Index value of their LKE components decrease by 80% as retail investors have. That can't be simply "tolerated" and KNOWING why it is happening?
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