Something doesn't add up ?, page-151

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oddlogic

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30/03/18

17:23

Post #: 32143468
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Originally posted by Cosmoterios ↑

If the rule of law is based on "subjective" judgement as to whether you gain or loss, then we (Australia) are in serious trouble as a destination that attract investment capital.

The integrity of our system is paramount to attracting foreign capital - otherwise, we would be known as the "Wild Wild West" and we would experience bubbles and busts like the Tulip days.

You might have gained on this occassion, but there are many who have lost - shorters and sellers who did not gain the benefit of these tweets!!!

Consider for a moment it was bad news (just a hypothetical) and those who benefitted from the tweet got out before it dropped to 10 cents.

Now, how would you feel if you were still a holder and you found out about these tweets after the market had closed at 10 cents?

Would you say "great to see shorters gained today?"

Or

Would you demand ASX and ASIC investigate possible insider trading?

Furthermore, consider for a moment - if a company was allowed to mislead ASX and ASIC, how many other companies listed on the ASX would follow the same strategy???

Then who (either local or foreign investors) would trust any public company announcement on the ASX?

So its important ASX and ASIC get to the bottom of this - not just for shareholders and traders (both short and long) of this company, but for all companies listed on the ASX.

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Lol didn't realise the Tulip bubble was caused by insider trading
I don't think ASIC will be able to do anything serious in relation to the tweets.

AVZ Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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