This is a perfect example of why broker codes must be displayed next to all orders, it may not completely eliminate this kind of deception, but would go a long way towards it. Instos wouldnt like others knowing that it's their fake order sitting on the screen to prop up or depress a share, even if the ASX or ASIC didn't do anything about it, shareholders and traders would soon swamp their lines with complaints. The 2 orders in MAK are still there, 10 million shares at 1 cent, last sale 26 cents.
112 buyers for 22,752,739 units 63 sellers for 2,291,721 units
but in REALITY it is....
110 buyers for 2,752,739 units 63 sellers for 2,291,721 units
IT MATTERS
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- check out the fake once cent props in mak
This is a perfect example of why broker codes must be displayed...
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