looking good !!, page-92

BPAA - have you heard of ASX Market Rules (which are now called the ASX Operating Rules)???

I can't help thinking you are a bit of a ludite if you really believe the ASX "turn a blind eye". They are an ASX listed company, have a B0D and would have more corporate governance checks and balances than just about any listco (given their business).

Anyway - if anyone's interested - here is the link to the rules. Believe what you want - but ASX do not "turn a blind eye" to market manipulation.

http://www.asx.com.au/regulation/rules/asx-operating-rules.htm

BTW - by definition - manipulation is where there is an unorderly market being created. Whilst unassociated buyers and sellers exist - by definition - the market is orderly. Putting bids and sells on and pulling them is not "market manipulation", unless it creates an unorderly market. You are allowed to play "games" - so long as you are at "risk".

Example below where they acted against E-Trade.

Rule(s):ASX Market Rule 13.4.1(b) (iii) and 13.3.1.
Tribunal comments:Etrade ought reasonably have suspected that the person entering orders as outlined in the circular had the intention of creating a false and misleading appearance of active trading in the market.In determining sanction the Tribunal took into account;ETRADE's disciplinary history, ETRADE did not contest the proceedings,ETRADE has engaged an independent third party to review its automated client order processes filters with a view to making enhancements,including further post trade reporting and to promptly implement the enhancements. Although ETRADE did not self-report the matter to ASX, ETRADE has cooperated fully with ASX,and ASIC,in their respective investigations of the matter.ETRADE has terminated the Automated Client Order Processing (ACOP') access of the individual representative of the Intermediary who placed the orders.
Notes on Rules:The decision refers to the Market Rules as then in force.'