A distinct possibility. Read T7’s 22/12/18 enlightening post No. 36945257 on LMIG and the view LMIG has not gone way and would be of unchanged mind. Perhaps we’ve had our eyes wide shut.
As to examples of the illegal manipulation, market rigging and collusion basis for a complaint to ASX and ASIC you must read the link to T7’s 27/12/18 post No. 36961159. That “ Senate Enquiry Re: The Performance of the ASIC” “1.3 Trading and Regulatory Issues” .
Several of the illegal tactics outlined in that article are in play in CDY shares. As T7 insightfully said in his post “Many of the dot points will appear familiar”. There are 24 dot points you can select from the most apt (at least six we can easily identify) to graft into your online complaints to ASX and ASIC. For ASX I suggest select the complaint option Market halt/suspension as it will direct you to ASIC on manipulation.
That report’s expose on illegal market activity in Cudesco shares and how ASIC shamefully did nothing is also an indictment on a weak and tame ASIC. It points to our best not relying entirely on ASIC to intervene (if it did, unlikely, it would take years) in the illegal manipulation in CDY shares.
We are best to use use it and complaints to ASX as leverage to galvanise the Board into belated action. A trading halt and direct emails to non executive directors seems about our last stand.
Presently the Board is merely pathetically looking on whilst control of the company is probably being illegally seized by stealth. My guess is there is now a convergence of favourable circumstances for a fatal blow with a part bid to be imminent.
Rather than fiddle while Rome burns we should (contrary to other opinion here to leave it all up to the regulators haha) call on the individual directors to urgently step up. If any one can locate the email for non executive directors including Mr. Eck please let us know.
