where will it stop???, page-52

Had a look back at SYR's sp activity back in 2013 to see if this Regal issue had anything to do with SYR, and I'm certainly not saying it does, but there was a bit of a "plunge" early in April 2013.  In fact, SYR received a "please explain" from ASX  on the 3/4/13 when the sp went from $2.56 - 2.18 on "increased volumes".

If you look at the short positions on the 4/4/2013 they jumped from 297k on 3/4 to 6.1m and then 7.1m on 5/4, back down to 3.3m on 8/4 and 758k on 9/4.

BoA became a subholder on 22/3/2013 and RFM's Tasman + Atlantic Funds included as parties, but not the Long Short Fund which is the Fund, apparently, that is at the centre of this investigation (see appendix) http://www.asx.com.au/asxpdf/20130322/pdf/42dvdnz49jj0fp.pdf

This was happening around the same time as the Credit Suisse mini warrants were issued. At the time, there was quite a bit of discussion on this thread re both the mini's and the plunge in the sp. I remember Lute's post --->>> 11673895  wherein he mentioned......

"It was suggested that the shorting of the respective stock was to trigger the mini warrant stop loss to force selling into the market.

This then enabled the shares to be purchased by a larger player at a steeper discount than the current market price at the time.

The resultant action, together at time with uncertainty in the resource sector has contributed to Syrah's share price to fall from $2.75 to $1.75."



A similar "issue" with mini's occurred with ATU, and at the time ATU lodged a formal complaint to ASIC and ASX.

The other large spike/plunge shown on the chart below in July/Aug/Sept 2014 was mainly as a result of the Glencore rumour, followed by the Paul Kehoe sale at the end of November

It will be interesting to see if this has anything to with what is being investigated, or whether it is something entirely different that occurred with another stock.  I guess all will be revealed at some time in the not too distant future.   Certainly good to see ASIC getting on top of issues such as this.