The government agency ASIC is the only body with the statutory...

The government agency ASIC is the only body with the statutory powers (e.g. question parties under oath, subpoena documents, recommend prosecution to the DPP etc.) to conduct an investigation to uncover illegal sp manipulation, market rigging and share broker collusion. Complaints can be lodged on ASIC’s website.

The Australian Government belatedly and reluctantly started and funded the banking Royal Commission. The closest we’ll ever get to any type of commission of enquiry into illegal market behaviour is the Australian Senate’s review of ASIC some years ago.

You should read that Senate report at the link in T7’s post below before lodging your complaint with ASIC.

The CDY Board should request ASIC to conduct the investigation and request the ASX for a trading halt to stymie the illegal market manipulation pending the ASIC findings.

The trouble is, as evidenced in yesterday’s posts, our CEO has no appreciation of the sp manipulation presumably for the purpose of a low ball takeover bid (my guess at about 40c) to sieze control of the Board and the company.

To overcome that eyes wide shut obstacle at the helm we need to contact the non-executive directors to step up and instruct the CEO to take defensive measures including engaging a corporate specialist consultant.

https://hotcopper.com.au/posts/36961159/single