ASX is full of crooks depending on your definition. Companies that basically never deliver for the share holders and have a full board on 400K+ salaries are just as big.
Won't name a company but basically small, promise the World, deliver nothing and always spinning off assets they've acquired to... pay their existence. Year-to-year 10% of their cost is drilling and exploration what the company is about and the rest is administration and wages etc.
There are many companies like this. Why they're public companies I'd never know as they seem to exist for the sole purpose of making the founders and board rich. I'm sure we all know of some that fit this. IMO if a company is public they need to be more accountable to share holders as the money invested is not meant to be a free gift for them, traders or shorters.
GXY Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held
