CGB (ASX) Excessive CXXT transactions

Originally posted by millimouse: ↑

Ok, let's start the discussion on doubling the price from 0.005 last June to 0.01 now, which unfortunately became your major claim in the post.

Let's say, the hemp business fundamentals became all positive in July 2019 and SP was around 0.05. If you want to discuss from the beginning 0.23 in 2011, it could be the same. Doubling the price does not mean anything positive towards majority retail shareholders.

Who can keep selling at any price above 0.005 with a profit? If the business holders are long-term ones, as you just falsely claimed, then the retail holders have been constantly deserting CGB with heavy losses at whatever prices they could afford. Then why 0.005 became the bottom (0.004 was not reachable for most retail investors), surprising coincidence with the Feldman's generous offer to anonymous (or hidden as long as possible) parties, right?

Then the dark trading.

There are quite many shares under 0.01 in price but most without excessive midpoint trading like CGB. As container1 argues, which is also de facto, retail shareholders cannot get in and out without a loss. Who is maintaining the midpoints everyday for trading?

They are in dark. Even Feldman agrees in last December interview that CGB is a favorite by P&D traders. They are institutions, not retail shareholders.

Most of us do not have access midpoint trading. But institutions have. Retail shareholders do not have the resources as our US counterparts. Nor US market allow/encourage such midpoint dark trading for retail investors.

Conspiracy is the word I have done my best to avoid. But who are ripping off retail shareholders for such a long time? What tools do they use? Where do they get cheap ammos for sustained dumping?

Please do not avoid the many abnormal facts with this share.

It is manipulated but in the dark with all possible disguises for the benefits of very few.

Expose them is my purpose.

Do not randomly give massages to the bleeding retail investors. The vest parties would hid deeper and bring more harm.

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Just on the midpoint stuff... I honestly don't see how its so 'secretive'. I'm a retail trader with Invast, and midpoint is a fairly normal element of my trading. My account is around 10k, and if you have issues with MP thats more of an ASX thing than CGB.

Generally when the price is so low (especially under 1c), midpoint becomes essential in trading the stock.

here ya go, this is what my IRESS buy ticket looks like, you just click ASXCP or CHIMID and you put your order on midpoint. Simple. Sure you can buy 1 mil worth of shares, the

I am a trader, I do not have a particular bias for or against CGB.

Furthermore, my broker only allows me to buy cgb, I cannot short sell it.

(there would be a "Y" in the short sell column if it was allowed).

I do sympathise with the holders of CGB however, I can see its pretty terrible whats happened to the stock.