off goes another email to asx and asic, page-9

ASX reply to $18 trade in LGO making it fall 10% yesterday, does it sound a bit familiar ? I really need to know what these people consider manipulation.

Dear FactorThis,

Thank you for your email.

Surveillance has made some enquiries with a Participant in relation to the trade in LongReach Oil Limited (LGO) on 21 April 2010. Based on the information provided by the Participant, ASX is satisfied that the client's order is not manipulative and that the client was a genuine seller. In this instance, ASX does not propose to take any further action.

Thank you once again for raising your concerns with ASX.

Kind regards,

Candice Trevenna | Senior Customer Service Officer
ASX Limited | 20 Bridge Street | Sydney NSW 2000
t: 131 279 or +61 9338 0000 | e: [email protected] | f: +61 2 9227 0885
w: www.asx.com.au