Classic economics: the Stockmarket's essential purpose is to...

Classic economics: the Stockmarket's essential purpose is to finance industry - allocate investment capital - so that a productive society can prosper.

This blatant market manipulation bleeds it dry, diverts resources, incentivising insider gaming over value creation.

ASIC is an "independent Australian Government body". Having worked in Canberra a few years, I've seen the MO from the inside.

So the ASIC staff are alright Jack - in cushy, dozy, safe jobs, with "mental health" leave if you ever feel pressure. Just, whatever you do, don't rock the boat.

But why would you?

Attempt to tackle any meaningful issues at root, and all you'll achieve is to highlight how out of it's depth your department is.

And if you do show any signs of positive impact, some political interest or other will slap it down.

As for us small fry investors in Australian productive industry - do they care? Easier for a "public servant" to slag us off all day long as upstarts, exploiters, extremists, etc, etc, than take the risk of putting down their cup of coffee.

Easier to let FDI's buy up Australia's resources, and then just whinge about it.

In 2023 WBT got itself firmly on the ASX radar. So, a few big financial gamers are squeezing out whatever they can, while accumulating as cheap as possible.

At some point they'll decide to pump and take a juicy profit.

All we can do is hang on, and take that journey with them.

When you're riding on the backs of predators, it's not wise to jump off before they've finished eating....

Don't sell them your shares too cheaply. Why the easy meat dries up, they'll go away.