Maybe for the bluer chips.For the vast majority of ASX listings,...

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    Maybe for the bluer chips.

    For the vast majority of ASX listings, the dodgy Perth small caps, I think what will depress people the most is not the loss of 99% of their capital.

    It is the lies that were told leading up to that.
    The fake figures in scoping studies.
    The misdirection by public company directors that is only discovered after contacting relevant third parties that are often unnamed to start with.
    The off balance sheet liabilities.
    The blatant looting of company cash by officers.
    The continual grabs for cheap shares and options by directors despite non-performance.
    And of course the deliberate and calculated dilution of small cap investors at the very bottom ensuring their 90% losses will never be recovered and the asset values are comprehensively transferred to closely aligned 'sophisticated' investors for the next pump.

    And this is why I think BeyondBlue merely addresses the symptom and not the cause.
    I know I have sent a few scams through to ASIC for their attention, but noting has come of any of them. In effect ASIC itself is like another 'beyondblue' organization: just there to make you think 'someone cares'.
 
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