Ann: Change in substantial holding , page-13

Hi Jake,

Sorry for the long post, but, I just spent about half an hour preparing a post detailing what I thought about the ongoing manipulations in the market, only to see it all disappear when I went to try and push the "preview button". I am not the best computer operator around believe me, and what I manage to do with it is all self taught. I may define myself as a Computer Illiterate. I am having more trouble using the laptop than when I am using a desktop one. Why, I really don't know. But it is a fact.

Now, I will try to summarize my previous/lost post.

In regard to the manipulation of shares, I do agree with you that manipulation of shares is illegal. But who is it illegal for. IMO this only applies to the small fish the likes of us, but it doesn't apply as much to the big and powerful ones. These people makes and change the rules as they go along, simply because they are too big and powerful.

Take for instance when the banning of shorting was introduced following the GFC. How long did that last for, and how much lobbying these powerful people did in order to get it reintroduced. Am I happy that it was reintroduced ? Of course not. But who am I to be able to make/create any waves to the big system. I am nothing. I am just a small fish in a very big pond, the likes of many others here, that carry no weights whatsoever, and we are just being used for fodder. After all, where does a small fish end up in a big pond with a big fish? If he is not extremely careful, down the throat of the big fish of course. So, all we have to do, is to keep our eyes peeled and make sure that we avoid getting to close to the big one to be able to avoid our fate by staying out of it's way or jump off the train before it is too late.
Drop a needle in a bucket of water and see what splash you will get as a result of that action, and then drop a big stone in the same bucket and see what you will get as a result.

Now why do you think that the big fish is allowed to trade with one and two shares at the time, while we are not. Why is it that you and I have to pay a brokerage fee for every single buy or sell trade, regardless of the amount of shares we buy or sell, and they don't have to. Is that fair or is it a level playing field?? Of course not. But, who are we to be able to complain.

Let's not forget that the ASX is making very big money out of all this. That is how they are generating their big profits, and while they are making money, why would they stop that from happening. Especially when, if they were to implement those rules strictly, they would stop/reduce their income.

I have tried in the past to bring this matter to the attention of our Regulators and it got me nowhere fast. Once upon a time, it was so obvious that there was manipulation going on with a company, that I decided to prepare a proper document in order to support my arguments, and in order to fully support it, I even bought some shares specifically for that reason. (I already owned shares in that company, but to support my case during that event, I bought some more). I then prepared a detailed list of the trades, the times, the dates, and everything else I thought was relevant, and I sent it all to the ASX for consideration. After chasing them up on several occasion, where did it get me. No where fast. And when I put some more pressure on them I was then advised that I should pass all of that to ASIC because they are the controlling Agency and the Regulators. So I did. But where did it get me to by doing that ?? No where fast again. I was even advised, after constant nagging of course, that the matter was being sent to their Legal department for investigation, but it died of a peaceful death there as well. And where did it get me to.? No where again. In the end I gave up because I realised that I was wasting my time, and that I wasn't big enough for them to worry about it. I feel quiet sure though, that if the shoe was on the other foot, all hell would have broken loose.

To clarify/explain the reason that I am saying this is to take in consideration one thing. Why is it that when we see a sudden and unexplained raise on a share, that is immediately followed by a Speeding Ticket. But when we see a sudden price fall to the same share, we don't see any Speeding tickets asking as to why that is the case ?? Now, think about it.
Could it be that when there is a sudden jump in the share price the big end of town is feeling the squeeze and the pain and start screaming and call for fowl play, and that while the share price is dropping they are not because they could be culprits driving it down ?? IMO, Of course it is.

Now, in regard to the issue you brought up about AOE and Shell/Petrochina, you did make an interesting comment and it is worth explaining my views in regard to it.

As you rightly pointed out, of course that action would possibly create a false market under the legislation. But, who is doing that.!! And that is the whole crux of the matter. Was it Shell/Petro doing it, (and now with ESG and STO the same of course is happening there), or was it someone else doing it. Is it someone else that is going to make a profit as result of doing it, or not. And that, to me, is where the crunch lies. Because there are professional people/entities out there doing it as part and parcel of making money and that it falls within they everyday types of operations. Hedge Funds are a typical example of that, while of course Financial Institutions and Super Funds are, IMO, aiding and abetting that action because they are making money out of it themselves. And again, that is all happening of course at the expense of the small fish, while at the same time it remains all above board and legal.

When it is all over and dusted, the big fees will change hands, as to how they will paid and dissected of course no one will ever know, the small fish it gone, and the big fish has won again and it has got a little fatter as well in the process. And, most importantly, everyone is happy.

In the meantime, in regard to BOW, while totally unbeknown to us as well, the sp has been brought down to a level that it suited the big movers. And then, even with a good premium put on the table in front of us we still wouldn't reach the levels of the highs that we have experienced in the past.

It is very lucky for us that we have a good management here that haven't folded, (the likes of the ESG one), with the first offer, and lucky that we may have someone else that could be ready to jump into the foray. If not, we wouldn't be much better off than what we were quite sometime ago.

Welcome to the sharemarket my friends.

Regards.


PS.: I hope that I haven't annoyed you all with this post of mine.