I agree. These companies trade as pennies for a reason. Some money (my vacation money) can definitely (and has been) made with these stocks, but in comparison to the money possible with the big boys...well there isn't one. Many are simply riding the wave of the "green rush" but will never truly materialize into noteworthy organizations in the industry-like you said, lack of solid management/lack of proper capital-and might I add, crazy high burn rates. And many are flat out scams and shells. I expect Agtk (and ET*G to some degree) to move when the industry moves-but expecting mind-blowing biz developments is like chasing rainbows. All IMO.
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