It's sad that hard working punters lose their money trying to...

It's sad that hard working punters lose their money trying to support Australian entrepreneurship.

I met some of the management when they were conducting capital raising. With a few questions, the management were dismissed as bullsXXX. They were pushing database of potato growing data as their competitive advantage. When I pointed out that the Chinese didn't have money for proper potato seed stock, they insisted that the Chinese would pay for their database insights. They were also going to increase yields of potato farmers in Australia and USA. The CPI technology was of much lower standard and higher price than what was available in the market.

I have invested in an agri-tech startup.

As for CPI management, plenty of fertiliser, unfortunately same as their hemp crop, - worthless.

ASX needs to be better at ensuring IPOs have genuine commercial propositions. The number of ASX companies that list for under $10m and share price falls below IPO price within 18 months, with little prospect of ever paying back investors, is staggering.