PETWAN: may be not 95% but MANY - yes , they are on ASX only to raise funds and pass that money to the managements pockets ! They do not give a d... about the shareholders. Even bluechips - eg. BHP - look at the earnings and what do they do with them - expansion, expansion at all costs. And pennies in div ! Shame...
But if investors did the research and AVOIDED those and invested in GOOD companies then the bad ones would never have got support and thus their price would be near 0.
For example : can one tell me why companies that actually earn good money, return some of them in dividends, are not always appreciated on the market properly ?
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held