"I would rather ASIC investigate if there were front runner traders the day prior to the announcemt when the share price appreciate"
I was at the AGM on the 23rd of November 2018 and I was so happy when the announced that :“Resolution 7 – Approval of 10% Placement Capacity” was withdrawn.
Placing shares with Institutional and sophisticated investors at up to 20% discount, who may not even be shareholders at the same time excluding shareholders from participating discriminates against shareholders and should be illegal.
My point is this: Is the ASX made up of Brokers and can they take advantage of an announcement and share placements (The fox guarding the henhouse)?
