response to asx query , page-4

Why does the ASX only question price increases? Why didnt they issue a query as to why the sp dropped to 40c from a high of $2.95 and more specifically why the price had dropped 70% below the placement price of $1.50?

Surely a director investing his own money into a company is a good enough reason for a price increase in itself?

Also, doesnt the ASX realise that most stocks have been completely hammered and possibly oversold in the last 6-9 months and that a bounce was imminent in a lot of stocks once the slightest bit of confidence was regained?

Good to see there was more to the response than a simple 'we dont know why the price has gone up' though.

Where was the speeding ticket for FMS today? Up 37% to 7.4c!