Good to see Mr K is aware of what's going on with HRZ trading and the uselessness of ASIC in this part of the market. In my view this shorting is just shuffling shares between one company and another both of which are owned or controlled by the same entity. Dummy trading as it were,in order to slip in genuine buy trades at the lower prices. As such a short squeeze can't happen.The most effective solution would be a share buyback to reduce liquidity. The Board,I imagine, would be reluctant to do this if it would stymie their plans in other areas.However, with the POG leading to greatly increased margins and if this blatant price fixing continues to the point it adversely affects genuine retail investment, then they'd have the wherewithal to act accordingly.
db
HRZ Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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