Too many are starting to spectacularly fail now though (going...

Too many are starting to spectacularly fail now though (going from strong cash balance, fundamentals, technology and an SP of 5, 7 or 10c to 0.03 in 12 months and a cash burn of a million a month, most of it directors fees), is it because of the current climate or is it because people have learned they can start, or become the directors of a speccie or startup, raise millions, p1ss it away and fill their pockets and walk away without worrying?