"Last week NKWE Platinum was trading at 5 cents and three minutes later fell to 4.5 cents in trades which had a total value of less than $5. And then back to 5 cents. That market manipulation represented a $3 million market capitalisation move. In fairness the stock was later suspended because the major shareholder was being forced to sell its shares.
There is a lot of work to be done to ensure fairness on the ASX.
The good news is that the ASX chief executive does understand there is a problem that must be fixed. *****************************************************
NKP Price at posting:
4.8¢ Sentiment: None Disclosure: Held
