Seriously Raks, why haven't ASIC done something about these...

Seriously Raks, why haven't ASIC done something about these people. The way they operate time and time again, ripping shareholders off. Its really discraceful. I'm probably very naive in thinking that when people invest their hard earned money there should be some honesty and some protection for them. Ordinary shareholders are not able to see a lot of the almost devious wheeling and dealing that goes on behind the scenes in companies. I thought thats why we had a watchdog. I'm only holding on the few shares I own because they are worthless and not worth the brokerage to sell them.
cheers,