The CF33, Vaxinia and Oncarlytics Deal, page-853

True all you write.

The only ones making money from these small biotechs are the big sophisticated investors or institutions that lend out their shares for a fee to shorting houses who loan said shares for a fee until capital raise required then big investors get more of the company at cheaper prices and shorters who buy and pay back loaned shares take their profit.

Then rinse and repeat however this time the big investors have more shares to loan out creating a snowball effect on sp lower lower it goes every cycle!

Not much the small long-term investors can do about this rigged game only if in keep buying constantly averaging down loading up the bottom draw or watch list it if not in and look for the big announcement that breaks the cycle.

Nothing fair about the ASX !

Why Australian Pollutions allow our small companies in R&D phase to be run down like this makes no sense unless kick backs to political parties are involved!