Outrageous share price manipulation

Where is ASIC and their 'market monitoring' software. MIA as usual.

Last price 2c. One offer of 50 shares at half a cent for a total order of 25c merely to push the market cap down by over $5m and over 75%.

This presumably is 'price discovery' if you know the right people and operate the ASX under the protection of ASIC.

That order is in place to ensure no retail bids appear and the largest fall is orchestrated as no retail investor will pay $25 commission to buy 25c worth of shares. ASX = SCAM.