mithrams I agree with you 100% and its a major problem with al lot of small market cap stocks and I have being sucked in and lost big $ with lots of promises and talk that hardly eventuate to nothing, with the managers collecting their mega $ remuneration with no risk and do very little in return, however sorting the chaff from the wheat and can pay big rewards (multi baggers), and I guess it's something we all chase, probably as much risk and loss playing at a casino! Don't have faith with ASIC, just look at their track record with the big end of the market. I think Bob Dylan once wrote steal a loaf of bread and they send you to jail and steal a $ million they'll make you king!
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