Who in their rite mind would sell $82 worth of shares when the minimum brokerage (for me anyway) is $20
A marketable parcel of shares is $500 in value, how come all these piddly trades are allowed by the ASX and ASIC, for all of this century and even earlier. Who would go to coles and buy $100 worth of food and then pay effectively another 25% GST ? Or buy a car for $10k and pay $12,500...that's the percentage we're talking here. And dont forget the 10's of thousands of 1 share trades in hundreds of ASX listed companies, sometimes the "transaction" is worth 2 cents. Why are there special rules for insto's because of their high turnover that allow this FRAUD ? AGS has on hundreds of occasions over many years been devalued by a couple of million bucks in market cap because some rorter sold $20 worth of stock at a 5% discount at the 4.10pm matchup auction.
