Manipulation of some description or at least what can be called " High frequency trading" seems to have been going on here ever since the CR a year ago, doing something to either push price down or on occasions to close up. I've never seen such sustained price manipulation before, though haven't really looked that hard. Must admit I'm seeing it more and more across the board on small caps. 2 shares buy or sell here and there. I assume it means big broker or client involved as retail punter doesn't have the ability to place multiple one or two share trades.
Even today was reading an article on twitter about the emergence of anti bacterial resistant microbes and the lack of new anti bacterial in development. If this stuff works it will be huge global news. Trouble is current trading doesn't look like something that is about to release global life changing medical breakthrough?? And it isn't as if they haven't been trying to get the news out. Many presentations over last year.
is it really possible that they have achieved stunning results in burns trial but no news shared or leaked?? I guess it is possible as maybe if they released an update without proper scientific data to back it up and sp doubled ASX would be all over them. I'm sure ASX wouldn't ve so worried if data was bad and sp plummeted.
maybe that is the reason for delay of data? The initial results maybe look excellent but the company know if they want to announce that they need the scientific data to back it up, which is maybe what is taking the time?
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