OAK 0.00% 7.0¢ oakridge international limited

Ann: Response to ASX Price Query-XPE.AX, page-525

  1. 974 Posts.
    lightbulb Created with Sketch. 11
    Could have been two methods of profiteering from the insto's
    Double whammy scam for the retailers :

    1/Insto's take a short position - (Borrow shares you don't own) selling at a higher price eg .055
    & closing out position at lower level eg .029 & pocketing the difference.
    ( I doubt retailers can do this but brokers may be able to as I saw XPE on the short sell
    list )
    http://www.asx.com.au/data/shortsell.txt ( XPE at bottom of list )

    2/Once price has been pushed to the desired low price (say .029) hand break is
    let off and insto's make a packet on the ride back up carried by the retailers.

    Sounds shocking but I would not be the least surprised
    knowing how their greedy brains work ...
    Last edited by In2win: 25/08/16
 
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