If they gave clear answers, they'd say - 67 share trades is not illegal.
Eg. a bulking account lets you not pay brokerage per trade, but per day, so 67 shares can make sense.
"the company's commentary last week that the Board has received anecdotally consistent reports from its shareholders of unusual manipulations of the company's share price." Meaning, people on Hotcopper were complaining then encouraging each other to email management. Management restated that fact to ASX.
Proper market manipulation examples: selling to yourself to distort the price down, or promoting in the news or on social media that's it's a glaring buy while concurrently selling. I don't think that selling to existing buyers, even in small quantities, is considered illegal.
Then the question of why they would be trying to hold the price down. Because they want to accumulate for cheaper? Meaning they're bullish on the company's future anyway?
ASX is on notice about manipulation of Kingsgate share price, page-5
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Last
$1.77 |
Change
0.020(1.14%) |
Mkt cap ! $456.2M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.71 | $1.016M | 587.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3534 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 3464 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.77 |
Change
0.020 ( 0.48 %) |
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| Open | High | Low | Volume | ||
| $1.73 | $1.77 | $1.71 | 16639 | ||
| Last updated 15.56pm 24/05/2024 ? | |||||
| KCN (ASX) Chart |