Well I agree with you there. But those "players" you refer to are likely not veterans.
The life cycle of a pink sheet trader >>> rookie, mid-term experience, long-term experience.
I was a rookie. Everyone here is either a rookie currently or was a rookie and now has experience. As a rookie, I got burned a couple of times. So my long-term experience taught me "Never...EVER...marry a pink sheet."
I'm amused now at the posts that read something like this >>> "You flippers are idiots...why not hold for the BIG bucks." I used to post stuff like that.
But that was a long time ago. And now those folks, a couple of months down the line, are posting what you say -- "Why didn't the SEC protect us?" -- or "Why did I hold for big bucks // I should have sold a couple of months ago."
Everyone has to learn at their own pace.