This was the CI1 complaint and request for an investigation by ASX and ASIC in the announcement dated 21/05/21.
"Credit Intelligence has told the market regulators it found a dislocation between daily orders being lodged for the stock and executable sales.
The company has complained that large parcels of equity are being offered for sale well above market price, which it has argued is putting downward pressure on the stock price when sales aren’t met, at which point the orders are then withdrawn."
"The ASX has a market Surveillance Group which uses sophisticated computer technology to monitor trading (including bids and offers) in ASX quoted securities."
Those 40 mil odd sell orders are still being placed well above market price every day and then removed at the end of the day.
This may not be illegal apparently but why is it not possible to have this person or company named as the one who is doing this?
At least then current and future investors can make decisions knowing who is behind this.
GLTAH DYOR
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