This was a double sting IMHO,(remember the famous horse racing ring-in FINE COTTON ?) they knew it was dodgy, but decided to release it on June 30th last day of financial year, goes into trading halt in the morning for a couple of hours, price then $2.25, comes back on a few hours later, straight away $2.49, zooms up to $2.69, then falls to about $2.60 with millions traded. The day before some small brokerage in Australia bought millions of DJS. The board knew the shares would zoom up on the mere whisper of a takeover, a fatter bonus because of the closing share price at years end ? Then the smackdown on the news it was withdrawn and obviouly bogus, next door to a wig shop and a noodle shop on the poor side of town LOL. ASIC and the ASX are the laughing stock of the world, and that's impressive considering Libor, Bank Of England, and JP Morgue-an in very recnt times. Fraud in the mornin', Fraud in the evenin', Fraud at suppertime. 24/7 all over the world.
DJS Price at posting:
$2.46 Sentiment: None Disclosure: Not Held