The directors cannot avoid their duties under the corporations act and also the company constitution. If any share price manipulation has been detected it should be reported to ASIC to protect the directors from prosecution for not acting in the best interests of the company. The directors would have also breached their duty of care and diligence if they do not look into any form of share price manipulation. The share registry provider Computershare would be able to assist in tracking share movements between nominee company brokers. As @donnybrook says the directors should be requesting nominee holders to provide a list of their clients and share holding using section 672 of the corporations act.
Below is part of s672, see the requirement to keep a register at the company office in Perth. Why don't one or more of you Perth holders ask the company for a look at the register, and when you do take some pictures for us to view.
HRZ Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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