SSN samson oil & gas limited

As a shareholder I'm very disappointed with the events that have...

  1. 862 Posts.
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    As a shareholder I'm very disappointed with the events that have taken place today.

    Information (if true) has been divulged to a select few that may have taken advantage of this information and sold down the stock today.

    Prior to today the company has not informed the market of any information as to any shareholder briefings.

    I have confirmed with the company that there will be a meeting in Sydney this Friday the 6th of September.

    Apparently, today there was one meeting held in Melbourne.

    Where certain information could have been divulged during this meeting that "if true" is price sensitive, even if a material transaction with regard to a land sale has not been concluded yet.

    In the 5 hours leading up to 3pm today the SP was up ~4% and steady from the open with a total volume of 774,000 shares traded.

    During the last 1 hour of trading or around the time the meeting apparently concluded a total of 5,563,999 sold down resulting on an SP decline of ~4%.

    2 trades at 3:14:00pm and 3:20:56pm made up a total of 3,053,999 shares alone.

    The company needs to explain to the market what took place today and confirm or dispel what was said in relation to this transaction.

    If I was a purchaser today I would be asking ASIC for an investigation as this activity today (if true) would be illegal. IMO.
 
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