The purpose of this letter is to seek to identify which Party or Institution is involved with price fixing in relation to the securities of Gulf Manganese and to examine whether these actions constitute a breach of ASX Regulations Law. It has been alleged that an Institution that received a large block of discounted placement stock may be responsible for engaging in manipulative trading practices by rigging the market to create an artificial price level for the purpose of cheap accumulation of stock. If such an action can be proven it should demonstrate that The Company has an unfair advantage and is using it's corporate position to create an artificial price level at the expense of Ordinary Retail Shareholders. Such behaviour demonstrated over a long period should warrant further investigation by The Regulator ASIC as this type of predatory behaviour is an issue of concern amongst Ordinary Shareholders and doesn't reflect the genuine forces of supply and demand . I think these points constitute reasonable grounds for concern which is why I will beat submitting this matter to the Australian Securities Investment Commission for further examination.
