There was a senate inquiry into the performance of the regulator...

There was a senate inquiry into the performance of the regulator ASIC some years ago,and here are some of the findings.......

"Share price manipulation is an indisputable fact for markets generally, with investment banks rorting the system since well before the GFC.
Bribery activity by high profile firms show that rules are being bent at the highest levels of power and influence."

"On the ASX, it seems that share market manipulation has gained acceptance as somehow being normal, or a fact of life in modern markets, if only because of an apparent tolerance by regulators and with convictions few in number and lightly dealt with whenever cases are prosecuted. "

"The acceptance of manipulation as a legitimate approach to trading appears to have extended to the very top levels of governance in our financial markets with the market operator itself, i.e., the ASX, suffering the ignominy of having two of its Directors having to stand down because of illegal short selling activity."

"However, the one given in modern markets is that share price manipulation issues would disappear overnight if initiatives were implemented that demanded full transparency in all levels of dealings."

"Share price manipulation manifests in a variety of ways, where fund managers acting through groups of brokers and where brokers and entities acting in their own right are able to exercise control over the market. It is widespread throughout the ASX because the algorithmic systems responsible for control over prices are utilized by institutions in much of their trading. A wide range of trading behaviors instrumental in manipulating prices have been able to flourish,principally because of the acute lack of transparency associated with the current trading and settlement system. A lax, generally unresponsive regulatory regime has helped as well."

"The use of proprietary trading programs that deliver control over pricing levels, for example, by forcing Downticks between groups of brokers who are effectively colluding with their trading. The collusion is facilitated by HFT algorithms able to link designated sellers with preferred buyers and is usually characterized by either large numbers of small trades that lower prices, or by small broker crossings put through the market to achieve price reductions.The selling is seen to be targeting lower prices with brokers changing roles from one day to the next as prominent sellers. Such trading is highly manipulative, "

My point here is that the market is rigged and the price of our stock will only go higher when these parasites decide that it should be so.and as reported in the inquiry the corruption goes right to the top and exists at high levels.

Now I will repeat part of the last paragraph as it is very important.........

"The collusion is facilitated by HFT algorithms "

It saddens me that our market is so corrupt and one can only take solace in the thought that due to the inevitability of time we might see the true value of our company present itself, as what it should be, as we transition through the biggest disruption in transport and energy storage in a century.

When GS published on 1st June, they knew exactly what the effect would be as they pushed the enter key.

Cheers to all holders