ASX is on notice about manipulation of Kingsgate share price, page-8

This is the same manipulation that was reported on in the video "The ASX's Dark Secret". In that video, it showed how the institution behind the manipulation at that time used algorithmic trading to manipulate the share price of KCN for a period of some 4 years. Over that time, 1.6% of all trades, almost all of which were below $500 in value, were responsible for 94% of the falls in share price over that period. The sole purpose of this form of trading (manipulation) is to set the price at a particular level. The resultant share price is not a true "market price". It is an "artificial price". It is illegal conduct, but the regulatory authorities do nothing about it.

Two years ago, Kingsgate's share price was at $1.50. Here we are with so much progress having been made, and we are still at $1.50. The reason we are still there is because the algorithmic trading is designed to keep us at this level. For what reason? Maybe a cheap takeover Maybe to allow acquisition from disheartened shareholders. The regulators should find out who is doing it and ask them.