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LNG

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4.3¢ liquefied natural gas limited

I been buying all the way down just wishing it $4+

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noixz

535 Posts.

09/10/14

13:20

Post #: 14099768
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Originally posted by possum2 ↑

I guess the obvious question is how far they are prepared to sell this stock down.

As a shareholder it would have been welcomed to hear something from the Directors as to what exactly is going on.

Make a few phone calls perhaps and find out who is the seller and how many do they wish to sell.

If indeed this is the reason for the sell down.

The placements in the past have been given to certain parties. It would be pretty easy to make ten phone calls and ask the question in the interest of all shareholders.

Once you have that information at your disposal perhaps find out if there is some other insto that might like to relieve them of their stock.

Having made some phone calls myself this morning I believe a lot of the carryings on we are witnessing is indeed because of short selling.

I have been told you can borrow up to 2 million shares from EG Macquarie and you pay them a 5% fee per month for that priviledge.

LNG was the biggest mover in the market in the ASX200. Remember the article about Mr 1300% man Mr Maurice Brand a few weeks back.

If you wanted to short, what better stock then to do it with then the one that has risen 1300% in record quick time .

It sickens me to think that the ASX endorses this practice because they are basically robbing every genuine shareholder who has invested in this company in GOOD FAITH.

Only to allow some &^%$# to come and destroy the share price of a company for their own greed is disgraceful. I mentioned this already a week or so ago.

They could effectively push this price back to 2 dollars and there is not a damn thing anyone can do about.

Short selling is something that robs innocent investors of their wealth and the ASX should ban it instead of encouraging it.

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I been buying all the way down just wishing it $4+

LNG Price at posting: $2.91 Sentiment: Buy Disclosure: Held
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I been buying all the way down just wishing it $4+

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