I can assure you it's been got! 😂
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I can assure you it's been got! 😂
FMA are charging Matt Hill for market manipulation!!!!!!!!!!!
https://www.fma.govt.nz/news-and-res...nvestor-forum/
Wow!!!!!!
good bloody job. Unfortunately I wont be surprised if it will be NTL shareholders likely to foot the legal bill.
Gets popcorn ready and awaits further posts...... :t_up:
NTL response to media release by FMA - NZX, New Zealand’s Exchange
NTL response to media release by FMA
12/8/2021, 9:24 am GENERAL12 August 2021
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (ASX, NZX:NTL)
FOR IMMEDIATE RELEASE
New Talisman Gold Mines Ltd notes the announcement recently by the FMA, and confirm we are not aware of any further details about the FMA’s claim, other than what was contained in the announcement.
This civil claim is now before the courts who will ultimately decide its merits. In the meantime it would be premature for us to prejudge the outcome.
We have previously complained to FMA and Tarawera Publishing Limited, operator of the Sharetrader website, about lack of moderation on the Sharetrader website, contrary to Sharetrader’s own terms and conditions. We remain hopeful that FMA will take appropriate action in respect of our complaints.
We continue to call for online publishers to be regulated, and proactive regulatory guidance to be issued, on the use of social media by investors, issuers, intermediaries, and other market participants and their employees.
The Company does not intend at this stage to make any further comments in relation to this matter.
Classic - "not aware of any further details about the FMA's claim" and then make it sound like blame the website and not the one who wrote the posts....
I like how he blsmes sharetrader for his actions. Classic actions of a crook. Blame everyone else and don't take responsibility for their actions
It surprises me, not at all, that Mat (NTL), then try to blame someone else, for what he has done.
Blowing smoke to try and hide behind it.
Maybe the only chance the shareholders who lost money on NTL, the ones who finally woke up, can on the back of the FMA and likely latter the SFO, can make claims personally against Mat to get all that ridiculouse 400k salary back.
https://youtu.be/rODaiqvaeew
Matt's mining skills will be put to the test in Rock College...
Breaking up rocks in the hot sun..
NZSA response to FMA announcement:
NZSA SUPPORTS FUTURE GOVERNANCE CHANGES AT NEW TALISMAN MINES
August 12th 2021
The NZ Shareholders Association (NZSA) has been working with concerned shareholders of New Talisman Mines (NZX: NTL) for some time in relation to the conduct of its CEO, Matthew Hill, the current governance of the company and ongoing performance issues.
This has included a representation to New Talisman Mines that NZSA does not support Matthew Hill remaining on the Board of the company.
We note that today, the Financial Markets Authority (FMA) has filed civil proceedings against Matthew Hill, the CEO of New Talisman Mines, for alleged information-based market manipulation and making false and misleading representations.
This is the first information-based market manipulation proceeding brought by the FMA.
As always, NZSA has been supporting retail shareholders to ensure that their concerns are heard by the NTL Board and to advocate for board changes to support governance improvement. Today’s announcement by the FMA vindicates the position taken by NZSA and the group of concerned shareholders.
NZSA will continue to be instrumental in driving change at NTL, by continuing to work with New Talisman Mines and concerned NTL shareholders.
This is an ongoing process, and we look forward to the upcoming annual shareholders meeting of the company to be held on September 22nd. We intend to communicate more fully with all NTL shareholders prior to the meeting, to highlight governance concerns and the position supported by NZSA.
NZSA offers a free proxy service that allows retail shareholder votes to be counted, including for any upcoming resolutions at the New Talisman Mines shareholder meeting. Contact teresa@nzshareholders.co.nz for further information on this service and the registration process.
So from my limited understanding, if found guilty of dishonesty the court/FMA can ban a person from serving on boards/directorships etc, be interested to hear about other potential outcomes from anyway with more knowledge than a few googles (a.k.a me).
Also I loved the line 'about lack of moderation' when it was in fact the moderation that shed light on potential wrong doing..
Haven't been following this issue too closely, however pretty bad release from the Chairman regarding this. Absolutely weak and paints the entire board as a complete utter disgrace in my personal opinion.
http://nzx-prod-s7fsd7f98s.s3-websit...131/352037.pdf