I feel for all SH who have lost $$. As a general statement I think the ASX and possibly ASIC have a lot to answer for in all of this. There are now a reasonable number of failed tech companies on the ASX, companies that should never have listed. IMO ASX have a massive conflict of interest. As a listed company, they make money by listing as many companies as possible and there is no one to call them out or query their behaviour. While I am sure this has been going on in the mining sector for years. I think it is time to take the ASX to task.
For me, there are so many really good tech companies in Aust doing amazing things, needing investors. Investor confidence is shattered as a result of companies like BIG. I know this won’t bring back peoples losses, maybe it is time to starting asking some hard questions to the ASX. IMHO
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Not Held