Hello Everyone
This is an update on the current situation with my investment in Maronan Metals, a company I am about to pursue preliminary discovery legal action in.
This is a case I believe could develop into something similar to Mabo.
Mabo was a huge deal in this country. Whether you agree with the decision or not, land was returned to native Australians after the court ruled that 'Terra Nullius' (the land was empty), was a fiction.
What I will start to expose on the ASX is the next largest transfer of wealth, that has happened since that day when European settlers came and declared Terra Nullius. Now it is happening to all of us. It is happening to everybody invested in Australia's stock market.
The theft is on such a large scale that it can be compared to Mabo.
It is very simple, the wealth exchange takes place between the Australian investor (all of us regular Australians) and the investment bankers, brokers, directors, private equity and larger corporations - I will refer to them as the big end of town. The wealthy elite. It is just two steps.
1. Share price of good company gets suppressed.
2. Directors, regulator, politicians and media look the other way.
3. Company gets taken over at a small fraction of its value.
I have just made it so simple with these three steps because in the past I have gone into the finer details. We have large reports which cost thousands of dollars which have made clear the ways that laws are being broken.
Big legal steps have been taken to reveal the whole process in a few companies. I have started with Maronan Metals but because it is such a tightly held company with about 70% held tightly by the parent company, directors and broker, it has been difficult to show the manipulation clearly. So I have also included legal letters to AIC Mines because of its greater liquidity. Both companies are located in the mineral rich region of the Cloncurry in Australia and their main deposits are only 90km away from each other.
Legal letters have been sent to the boards in both companies, the most recent letter to Maronan is shown in the above image.
In the Maronan legal letter if is stated that for a whole host of reasons we need to know the real owners of the shareholdings not just the nominee accounts that are holding the shares. It beggars belief that when shareholders ask directors who the real owners are, directors refuse to say. It is also a pain point to request the information from ASIC - more than $3500. It is 100% proven that institutions in these nominee accounts are the ones using algorithmic programs to drop prices down to artificially low levels.
There is a three step process to the legal action and this action can be followed by anyone in any ASX stock.
1. Analyse the share trading data and find concrete evidence of laws being broken.
2. Find out the real owners within the nominee accounts (accounts such as HSBC, JP Morgan, Citigroup, UBS, BNP Paribas).
3. Take to court the third party brokers that are executing the trades on behalf of the institutions within the nominee accounts. And also take the ASX to court. They are complicit.
This all sounds so complicated but once it is broken down it is simple. It will take a determined unwavering court action to uncover everything that is hidden.
This will make any previous scandal look small and this is why it has the potential to rival the Mabo court case.
Devinechanges2018@gmail.com