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07:16
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Originally posted by gassed:
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dugsab, you've been up all night gloating, how pathetic. The ASX system is fundamentally flawed. The major criterion for determining and calculating the true investment value of a company that the ASX investors use, is the P.E. factor. Now, the E stands for EARNINGS. Lake has NO EARNINGs, yet the ASX "promoted" it into the "elite" ASX200, Australia's major market, KNOWING that it had NO EARNING. So, what a momentous fault in their system!! THEIR decision has caused losses to shareholders of over a BILLION dollars in the company's market cap. A classic shorting target and the ASX set it up and left all shareholders sitting there like a rabbit in a floodlight to get slaughtered and let it continue unabated. With the price crashing a huge volumes it still did not make any enquiry of the company!! Had it been the reverse a notice would have been despatched immediately!! The "system" favours short selling at the massive expense of mainly very innocent people, superannuants etc, who had NO control to protect their investment. Criminal!
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well said. I must say, I’ve never seen so many disgusting humans assemble in one place before. I can’t say I’ll be spending much more time on this board as reading their posts dwindles my faith in mankind and my will to live. Shameful yes. But as you say, probably extremely profitable for them to have behaved like this rattling anyone they could. Yuk.
(20min delay)