Pan to 20c, page-31

Hi Folks
Has anyone else noticed the price manipulation occurring in PAN share price during the evening Auction period most nights?

It involves late sells that exceed a buy order by only one or a few more shares than the buy quantity that push the price down at the close

It happened again tonight- where one Buy order for 61,515 shares at $0.135 which would have lifted the SP up was matched by two sells that just happened to equal the buy order plus a few more shares- leading to a downward close and a consistently dropping SP trend!

On 1 Feb a buy order of 15,127 at $0.165 was exceeded by a sell of 15,128 shares at $0.16- a difference of only one share- the SP closed down that night at $0.16 ! That extra one share was the difference.

On 1 March a single Buy order of 44,286 at $0.15 was matched by 9 sells which just happened to total 44,290-i.e. by only 4 more sells- resulting in the closing price ending down at $0.145.

At 4.04 PM on 5 March a Buy order at $0.155 for 600,000 shares was immediately matched by a sell order for 600,000--at $0.10-- strange ??? No manipulation here !!
- the sell was later withdrawn and the price closed up at $0.135- but it demonstrates that someone was trying to play games with the price that night

On 11 March a buy at $0.14 of 19,272 was initially matched by a sell of 19,286 at $0.13-- a sell difference of only 14 shares-but the SP ended up that night- the manipulator stuffed up????

I am interested in whether others have seen such manipulation or have views on what could be behind this.

PS Whilst the buyers got a lower buy price each night I feel sorry for the sellers who missed out on their sale.