ASX need to round up approximately 200 penny dreadful companies that appear to do nothing than raise cash on 3b, and throw them all to the outhouse...
Not refering to FAS in general, however these companies seem to exist to just pay directors fees...
I am a holder of one of these types of stocks, am down a bundle, and they had so much promise in the arly days, yet 5 years on, they are drowning in mountains of stock, with nothing at all to show for it except the board being gainfully employed..
these types of companies need to be struck off...i guess this is happening now..see GXN FAS CRJ,CDB and more...
There weill be many many more to add to this list and good ridance...
PS in no way am i refering to FAS..just a general observation...
FAS Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
