So lets just run some quick numbers, lets says a coffee cart...

So lets just run some quick numbers, lets says a coffee cart sells 250 cups a day at $4 per cup. Whats that around 350k rev a year?

The prospectus for au8 lists 16-17 year at 1.2mil rev per year.

I do understand your point though, our listing standard are on the loose end. Im on the other side of your view. I love the ASX. I like how I can get access to all these companies at IPO at an extremely early stage. Other exchanges out there such as London, its almost impossible to get access to anything at IPO or early stage without proper connections. I like having a small portion of my portfolio in these highly speculative assets.

More transparency and more reporting would be nice...