Ann: Appointment of Non-Executive Director, page-15

Spivs who prey on the seemingly endless supply of gullible retail investors.

I can't figure out if it's a stream of people just jumping into buying ASX stocks without any diligence at all and then bailing out completely after getting burnt a few times, or a pool of people who buy, get burnt, but keep coming back for more thinking they'll get lucky on the next punt.

Probably a bit of both I guess.

Not that I'm placing all of the blame on the savaged investors.
ASIC being toothless and ASX having a conflict of interest are as much (or more) to blame.