Ive just worked out some numbers. On one day M&G sold 2m shares. Why would anyone do that? There can be only one reason to cap the price, But for what? Watching the trades yesterday M&G could have got out of stock lot higher, but kept selling it down from the genuine ask price and then belted it again. What I and other shareholders would like to know what is the regulator doing whilst this capping/manipulation is going on. Two days ago the auction at the end after 4pm was nothing more than a joke. CDU traded almost 3 times its average daily turnover in the auction alone. Some guy put in a 100,000 to buy which was met by 278,000 to sell to cap it, then another 72,000 to sell then the buyer pulled out his 100,000 in the auction. Like we are talking serious money and serious questions need to be answered. Where is the regulator on protecting shareholders value and where are the surveillance teams and above all where is the transparency. I was wondering why CDU was requesting to be exempted from shorting and manipulation, now know why. Someone mentioned the word , BIZZARE, THIS IS BEYOND THAT.
CDU Price at posting:
$1.86 Sentiment: Buy Disclosure: Held
