RB,I take it from your lack of reply that you have no evidence...

RB,

I take it from your lack of reply that you have no evidence to support your statements.

What you say MAY BE true, but with no evidence it's just conjecture/opinion. On the other hand there is evidence that those you term 'rebels' were fighting for the future of the company and merely exited when they saw no positive changes for the company. Their selling does not constitute 'market manipulation', as I see it, but rather represents selling of a large block in an illiquid market where the directors chose not to support the company, even though they had been buying furiously months earlier. In the Shareholder Newsletter of August 2011 Mr Manusu made a statement saying "Further, the Directors strongly believe in the future of NuSep and have shown their support by actively buying shares on market" leading up to the close of the SPO on August 2011. Is this the matter that the auditor was referring to when they accused the board of "creating a false market"? Not a single on market purchase by directors since. This is why I ask if they were staying out to let the market go lower? Certainly, it was to their advantage for the price to be lower so they could issue shares to themselves. Did the directors also allow the price to go lower to allow other insiders to buy at cheap prices?

If the above is true, then shouldn't anyone who bought during the period where this large block was being sold and the directors were not buying, be investigated by ASIC to see if they were privy to inside information?