'Just talked to my broker mate again re market manipulation sells at 12.5cps.He has sent 2 emails to the regulatory bodies at ASIC and the ASX.'
Market manipulation is a criminal offence.
It's very rare to see it holding a SP down, but that is still a crime.
Far more commonly market manipulation is investigated when dog stocks are pumped up to lure momentum monkeys to their doom.
This kind of scam requires compliant mgmt prepared to spin a yarn about a Company's 'golden' prospects, and a pump squad with the cash on hand to move a SP dramatically enough to suck the DT's into the story.
CVI is a classic recent example of this.
There have been hundreds of others on the asx over the last decade.
MNM Price at posting:
11.9¢ Sentiment: Buy Disclosure: Held
