AFR article post BRTV creditors' meeting, page-92

I know a lot of you are hurting from your loss, but you were putting money in very speculative stocks, and from my previous investment in this area, I believe 9 out of 10 of those stocks would lose you money and your hope is the 10^th one will make you 10x or 20x your money to make up for the other losses. It is actually like gambling, and there is a reason why it might go up 10x and why it looks cheap, this is because risks are as high if not higher.
There is nothing wrong with the ASX, every stock exchange has this type of stock and many of them failed, Delisted has a large list of stocks that failed. And you can go to the Dow Jones and see names like General Motors, Enron, Lehman Bros etc, who lost much much more money than BIG.
This would also not be the biggest/longest scam in history, Maddoff got away with it for 20 years and this one in China looks interesting.
https://www.copyright link/business/mining/australian-investors-seek-answers-in-china-property-blowup-20180530-h10qdf
The most important thing is to learn from you mistakes, and we all made many. Learn to ask more question and AFR has often been right (litigation means they do lots of research) and hope all of us make much better investments in the future