the only thing that makes sense is a potential suitor wanting to bash the price down in cahoots with some financial institution so that they can take it over for a song, this thing once had a market cap of over 2 billion $$, currently 85 million and falling, about 750k per half cent, already has visited 45.5 cents in recent times, most likely shorters playing their part too, so maybe a two pronged attack, the great unwashed retail shareholders like me caught in the crossfire, retail holders bleeding from every oriface, for two years now, and really accelerated this past year. Even in the corrupt USA they threw the former NASDAQ chief Bernie Sanders in jail for his ponzi scheme (and he died in there), which amounted to multi billions, the ASX has become one gigantic ponzi scheme where the beneficiaries are the hedge funds and shorters and the like, I'm hoping one day that the masses will bring these folks down, if there's ever a protest outside the ASX or ASIC HQ, i'll be the one with the biggest sign and the loudest voice, if i'm still alive.
ASM Price at posting:
51.0¢ Sentiment: None Disclosure: Held
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