you've gotta be special to do tiny trades and affect the share price, this was my letter to both ASIC and ASX two plus years ago, the fraud continues to this day, ASIC is the fox in the henhouse
ATTENTION :
Belinda Mai
Please forward this on to market surveylance for me, and could i once again have a receipt. Many thanks.
Hi,
Please investigate the share price manipulation late Friday afternoon June 22nd between 3.45pm and the close of trading at 4.10pm in AGS Alliance Resources
Here are the relevant trades, you will note there was a normal 20k trade at 3.14pm prior to the manipulation, which would have enabled to have the shares close at 18.5 cents. This same thing has happened numerous times in AGS over the past year in particular, and even as far back as their court case started over 2 years ago, these people Qasar/Heathgate Resources have the most to gain by keeping AGS at a low share price. Please go over the 4pm to 4.10pm trading in AGS going back to at least the start of this year and you will see a clear pattern of manipulation emerge. In your reply to me, if you find no wrong-doing here (as is always the case) could you please DEFINE what share price manipulation is for me ? Thanks in advance.
late trades june 25th 2012
3:14:45 PM 0.185 20,000 3,700.000
3:58:45 PM 0. 180
44 $7.92 3:58:45 PM 0. 180
133 $23.943:58:45 PM 0. 180
29 $5.22
4:10:26 PM 0.175 133 $23.275
and the standard reply
ASX Limited
Facsimile 61 2 9227 0885
www.asx.com.au
Dear xxxx
RE: Alliance Resources Ltd (AGS)
Thank you for raising your concerns with the ASX Group. ASX appreciates information that is received from investors as it assists with our function as a Market Operator.
We have reviewed trading in AGS on 22 June. As you have pointed out, AGS traded at $0.185 at 3.45pm but it traded lower at $0.18 by 3:58pm and on the closing single price auction ("CSPA) at 4:10pm, it traded at $0.175. From our review, we have not seen any indications that the trading was in breach of the ASX Operating Rules.
We note that you are concerned that the above trading may have involved manipulative trading. Any issues of possible market manipulation relates to matters that are outside of ASX’s jurisdiction. As of 1 August 2010, the Australian Securities and Investments Commission (ASIC) have responsibility for the supervision of real time trading and Market Participants. Accordingly ASX cannot assist you with the issue raised as it is outside of ASX’s jurisdiction. ASX’s responsibility as a Market Operator is to monitor and enforce compliance by Participants with the ASX Operating Rules.
Please refer to the link below to find out how you may lodge a complaint with ASIC:
http://www.asic.gov.au/asic/asic.nsf/byheadline/Complaining about companies or people?openDocument#how
ASIC has further information about market supervision and market integrity which can be viewed by following this link:
http://www.asic.gov.au/asic/ASIC.NSF/byHeadline/Market supervision and surveillance
For more information on the ASX Compliance function please refer to this link:
http://www.asx.com.au/compliance/index.htm
Kind Regards,
xxxxxx
