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09:24
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Originally posted by RVR
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I share your fundamental concerns BobF, but a couple of years ago I went to the trouble of documenting similar concerns to ASIC and ASX. All I got in response was an acknowledgement of receipt and advice that I would receive nothing further because any follow-up would be confidential. I never felt from their public utterances that they had any interest in the concerns of smaller private investors. IMO the whole stock exchange and its governance processes is run for the benefit of the large institutions and banks - from whom it's always appeared to me all their executives are drawn. That is, it's a cosy club to which small private investors are tolerated as amusing 'narks' who are officially welcomed as visitors- but never offered full membership....
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Yep. I think you draw an accurate but tragic picture. Its only the dollar you own that gives you a vote in the non-democratic state we have allowed to govern us. Its the NEW GOLDEN RULE we have accepted: he who has the gold makes the rules to suit himself! It sucks.
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