Millions upon millions of share issued for performance rights...

Millions upon millions of share issued for performance rights etc.

Same old story, raise $5,000,000 on relisting, then see the cash gradually eroded with fees/salaries/etc

The listing comes under the control of  "brokers and sophisticated"  investors.

The concept is promoted and more than likely in due course runs out of cash -  then the next idea arrives from a new group of  entrepreneurs

Rinse repeat

imo from observation of those using this ASX listing

THIS NONSENSE HAS BEEN GOING ON  BY A RANGE OF ENTREPRENEURS  WITH THIS LISTING SINCE 2011

This is where it all began.