Both companies are just as bad as each other if you ask me. You mentioned GSW has cash backing but that money was gained under false pretenses. So you can't say one is better than the other.
Furthermore, the ASX is also to blame for not paying close attention and they should be doing everything they can to get BIG (and any other troubled entity) back on track for the sake of investors that put their hard earned money into the ASX thinking that the market is properly regulated.
The situations cause by GSW and BIG are ridiculous and I am personally disappointed in what has happened with BIG because I am invested but I have to question how it was allowed to get so out of hand. Both companies were the biggest gainers last year and yet the only questions being asked were from the AFR.
Very disappointing.
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