W2V 7.69% 1.4¢ way 2 vat ltd.

Ann: Capital Raising Presentation, page-40

  1. 4,272 Posts.
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    @ProCapitalism
    The problem with this stock and many others of similar ilk on the ASX

    Is the underhanded way they orchestrate a capital raise, by deliberately timing a "Knock it Out of the Park" announcement just before.
    Creating the huge volume and bolstering the SP and more importantly manipulating the VWAP, the classic "Pump & Dump".
    I am surprised to see, a so called reputable broker behind it but I suppose it should be expected when the regulator (ASIC) is nothing but a toothless tiger. I have tried to bring this type of illegal activity to the attention of ASIC on a few occasions over the years and they just don't care if it's small or medium Cap stock.
 
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