Updated Short Report, page-5

ummmm, if a share is shorted vigorously, for the purpose of driving down the price (manipulation) for an entity to accumulate shares (insider trading)... is that NOT against the law?

the other question I would have: if a share is vigorously shorted based on some privvy, negative information, is that NOT against the law?

Now, I know the answers. I can give example. I used to trade a lot on a share RNY. It was very thinly traded. I priced it at 11 cents. So, I constantly was the ONLY buyer (thin traded) at 10 cents and 10.5 cents. Then because I thought it was an 11 cent share, I was usually the ONLY seller (thin traded) at 11.5 and 12 cents. When I bought I was happy. When I sold I was happy.

Eventually COMMSEC and ASIC removed my account from the market because I was deemed a share price manipulator. The values of my orders in the market... every day... always was

$5,000 10 cent buy...
$5,000 10.5 cent buy...

$5,000 11.5 cent sell...
$5,000 12 cent sell

If others came in the market, that was fine. But strangely, I was the only regular sitter in the market. My orders, lined up like that, were deemed illegal.

So, I will say, what has happened and is happening with BDR (and perhaps others) is illegal. But COMMSEC and ASIC are interested in policing some fantasy $5,000 market manipulator. If the manipulation is to the tune of 100s of millions, they simply ask the manipulator to contribute to the ASIC training / Christmas fund, and turn a blind eye.

(I have proof, and emails, to support my above story... as fantasy as it seems)