90% chance it is just pure manipulation for a crossing of a managed share portfolio. This will be easily be defended by the seller who will say 'there were no buyers' and ASIC will neglect to look at lack of price discovery, low volume flash crashes, and the auction price marking (all illegal) in forcing ever lower prices for the end game.
I have seen this HUNDREDS of times over the years. Looting funds from savers and investors is a billion dollar industry now which is why the most ASIC will do if people complain is try to stitch up a retail trader to take the blame and ignore the main players in finance industry from where it gets it's staff.
It's a system designed to milk the general public.
MRM Price at posting:
62.0¢ Sentiment: None Disclosure: Held
