Bulletproof announces purchase of Infoplex on Sept 16th, issuing...

Bulletproof announces purchase of Infoplex on Sept 16th, issuing 15 million new shares at 25 cents.
Microequities takes up almost half of the issue ( 7 million). Other big holders don't participate.

On the same day (16th September) Microequities releases a very bullish research report on BPF with a target price of 40 cents. What is fishy here is that the report is issued on the same day as teh announcement (what great haste!) and that it is made available FREE (most of their reports are pay per view).

Market price of BPF gains about 20%, and then Microequities unloads 718,000 shares for a quick profit. Maybe they are still unloading.

Meanwhile, retail holders have to wait and see how many share they will be allocated under the SPP (which is still not finalized) - maybe huge scale back (I suspect nowhere near $15K worth).

The Microequities actions here look very questionable to me and smell of market manipulation.

I think that companies doing raisings should be made to do rights issues, to stop all the game playing.

Is this worth going to ASIC over, or I am blowing this out of proportion??