Spot on Georgia14, this is exactly why the ASX must be cleaned up by a Royal Commission along with ASIC as they continue to allow illegal trades such as this being done by algorithms purely to suppress the share price.
The recently completed Report Concerning Trading Irregularities into Flinders Mines clearly proves that this is the case and has continued unabated for quite some time, with the ultimate aim of destroying small shareholders wealth for the direct benefit of the major shareholder.
Obviously this illegal action is still rampant in the ASX given today's share price is down and my bet is that FMS is not the only listed company experiencing such activity. The sooner there is a Royal Commission into ASX and ASIC the better!
FMS Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held