Watch for a CXXT at .003 to try and move it down!. Or if it goes to .005 there will be one to keep it down at .004. I sent the following complaint to ASIC regarding this type of trading on ANW with a footnote that it also applies to CZN."Dear Sirs,
I wish to make a complaint regarding manipulative trading on the shares of Australian Tin Mining (ANW) on this day. This is a common practice. Trading today;
10:43:45 AM
0.001
50,000
75.000
CXXT
1 10:27:27 AM
0.001
50,000
75.000
CXXT
2 9:59:53 AM
0.002
713,022
1,426.044
3 9:59:53 AM
0.002
433,500
867.000
4 9:59:53 AM
0.002
1,446,047
2,892.094
5 9:59:53 AM
0.002
21,976
43.952
6 9:59:53 AM
0.002
425,000
850.000
7 9:59:53 AM
0.002
800,000
1,600.000
8 9:59:53 AM
0.002
4,545,455
9,090.910
9 9:59:53 AM
0.002
500,000
1,000.000
10 9:59:53 AM
0.002
1,000,000
2,000.000
11 9:59:53 AM
0.002
600,000
1,200.000
12 9:59:53 AM
0.002
400,000
800.000
13 9:59:53 AM
0.002
1,015,000
2,030.000
14 9:59:53 AM
0.002
1,000,000
2,000.000
15 9:59:53 AM
0.002
1,500,000
3,000.000
16 9:59:53 AM
0.002
600,000
1,200.000
You willnote that if trading starts at .002 or if it reaches .002 then low volumetrades are made so that the trading price is halved.
I believethat securities are being converted to shares by an institution based on thecurrent trading price. It means therefore that these securities are beingconverted at a discount. A discount only available if there is marketmanipulation.
I ask if youwill investigate this. ANW is a small company battling to survive and starvedfor capital. What is going on is commonplace on the ASX and disadvantages thesmall companies and the small investors.
Yourssincerely,
XXXXX
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Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $3.673M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $642 | 116.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1332224 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 2633398 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1332224 | 0.005 |
21 | 7984875 | 0.004 |
9 | 7311000 | 0.003 |
4 | 3201000 | 0.002 |
5 | 4300004 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 2633398 | 6 |
0.007 | 2292441 | 7 |
0.008 | 1091319 | 4 |
0.009 | 919444 | 4 |
0.010 | 149999 | 1 |
Last trade - 11.30am 26/07/2024 (20 minute delay) ? |
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CZN (ASX) Chart |