"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..."
I agree a little with what you are saying Ironjack, the glory days are definately over for the time being and only those getting results will ultimately survive however if the ASX were to shut these companies down shareholders stand to loose EVERYTHING, while they continue to operate there is still at least some hope of recouping a portion of ones investment.
Lets hope FAS can surprise the market and finally seal a deal to get SHIP into production. It's a long shot but you just never know.
Cheers.
FAS Price at posting:
0.3¢ Sentiment: None Disclosure: Held