STX 2.56% 20.0¢ strike energy limited

Now if you had chosen the same broker to do your trade who is...

  1. 2,440 Posts.
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    Now if you had chosen the same broker to do your trade who is doing all the Cross Trades, your order would have been in the priority lane and it would have crossed hours ago at .1975. That's part of the subterfuge and manipulation going on.
    The other part is that putting your new shares back onto the market straight away at .20 through that same broker, they would have crossed back straight away at .1975.
    That way, by only needing to control a very small number of shares, say less than 500,000, maybe even less than 100,000, the cross trading entity can effectively control the price and move it over time far away from fair market value.
    Except that is market manipulation, and therefore clearly illegal. See ASX Business Rule 2.2.4
    One thing about ASIC - they don't tell the complainant about their activities. In fact they won't even contact the complainant unless they need further information. Sometimes it takes quite a while for them to investigate these cases and a lot longer before it gets heard in Court. My feeling is ASIC are out seeking new low hanging fruit after a series of court losses and are looking for a few glaring examples to prosecute. It does not come any lower than this example.
 
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Last
20.0¢
Change
0.005(2.56%)
Mkt cap ! $573.0M
Open High Low Value Volume
19.5¢ 20.5¢ 18.8¢ $17.45M 88.92M

Buyers (Bids)

No. Vol. Price($)
15 2326858 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 623740 10
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Last trade - 16.10pm 03/09/2024 (20 minute delay) ?
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