JHaas, If it was OK then all market participants that want a...

JHaas, If it was OK then all market participants that want a lower price would do it.

Market Manipulation is a securities crime in the ASIC enforced ASX Trading rules and a very serious one, when done in size.

Placing a true 20-30X regular volume order (3m shares) is sending a signal to the market that someone large is exiting and a true seller wants to sell at the best possible higher price (not lower) so would never do this.

But when that order and signal is not the case, and when that said order is pulled before it can be hit and that that same party was actually buying shares on the other side at a lower price, that participant is deemed to have manipulated the price to create their own price result, and not allow not true price discovery.

This short is dirty...and using dirty tricks as we have discussed. Is therefore naked and is way overshort by many millions of shares, hence why he did it. If he caps it again at 58c, he will likely be hanging himself with his own rope, what to save a few bucks ?? Not the brightest spark.....is he ??

He is probably not in fear of ASIC...but that is now a serious misjudgment. Especially if KB makes a call to ASX and ASIC Head of Market Supervision which he fully entitled to do if he thinks his company share trading activity is exhibiting illegal behaviour.


Best to all holders.

GG