Donny, here's the thing, how brazen of those involved to think that it would go unnoticed?
In the pre-announcement sell-off period from 19 April until close of market 22 April, there were approximately 18.5 million shares sold down, as compared to 3.5 million shares traded in the four day period of trading leading up to the 19th-22nd sell-off. An increase of over 500% in trading activity. In all probability, it appears that a business crime has been committed.
Insider tradingThe Corporations Act 2001 (Cth) criminalises conduct in whicha person knows, or ought reasonably to know, that they haveconfidential, price-sensitive information about a financial productand intentionally deals with the financial product, procures anotherperson to deal with the financial product or discloses the informationto another person likely to trade in the financial product.
TAS Price at posting:
4.1¢ Sentiment: None Disclosure: Not Held
