For ISX shareholders the last 3 weeks have seen everything ASX shareholders constantly complain about such as apparent manipulation of the share price, high levels of short selling, uniformed and unresearched media reports, heaps of unfounded allegations on stock forums and what seems like collusion between different parties for a particular outcome all of which is not beneficial to shareholders. All of which coincided with the inclusion in the ASX300.
So this has created a perfect storm for ASIC & the ASX to be seen to be doing something to clean up the markets and do what they are supposed to do to protect shareholders.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held