RE:RE:ASXI have a question for you EnglishBay, and if anyone esle wishes to chime in, please do.
I have suspected for some time now that we have a shareholder who is playing games. It appears to me that this one individual is controlling the share price by trading back and forth to themselves through different accounts. Anon, RBC, TD and early on Instinet.
For the longest time I have wondered how one shareholder, who was never identified and was never flagged as an insider, could have as many shares as it took to drop the price on November 9th and then keep it down for 4 months. Thus I started to suspect that the shareholder/manipulator was on both sides of the vast number of trades.
In my mind I thought I understood the motive prior to the IPO. Pin the price low as to influence the price of the IPO offering.
But why continue?
Because of different rules on the ASX a shareholder can not do such a thing without being easily identified so the share price there is free to move according to a freely traded market. The share price on the venture should mirror or follow what happens on the ASX, yet here we are again today, after an initial rally, seeing the usual suspects come in and knock the price back down.
I welcome any comments as I am perplexed.
Chip