"The reputation of the Australian Securities Exchange has been...

"The reputation of the Australian Securities Exchange has been battered.

The purpose of the ASX is to facilitate the efficient exchange of securities at close to their true value. It is not unusual for the ASX to suspend trading in a stock if it believes the price does not reflect true value.

But the units of BrisConnections remained listed for months after their price had fallen to the lowest possible level of $0.001 and their value was clearly negative."

http://business.theage.com.au/business/no-praise-for-brisconnections-performances-20090511-b0no.html