Floated at 35 cents. ASX and ASIC, where are you?

Read the article Christopher Webb put together in the age, nearly 14 years ago; courtesy of the Mayne report.

Would you believe GoConnect floated at 35c?

Want a laugh? Read http://www.maynereport.com/articles/2008/01/09-1202-2772.html
(See below if link doesn't work)

This Christopher Webb story appeared in The Age on December 1, 2000, after the Sino Securities International AGM on the last day of that year's main AGM season.

Just wanted to include a few snippets here which I thought were funny:

"

I'm a very poor managing director," he told about 25 shareholders who attended Sino Securities International's annual meeting yesterday, the ast day of the annual meeting season.

Delivering Mathieson's chairman's address, Blair-Holt declared: "GoConnect is, without a doubt, the most exciting business that Sino Securities has been associated with in the last 14 years.

Li was responding to a question from serial annual meeting flea Stephen Mayne, who asked Li when he would be paying up the contributing shares he held in Sino.

Meanwhile, Richard Li delivered an extremely bullish assessment of GoConnect, a recent float out of the Sino stable.

GoConnect is an Internet media outfit delivering online video commercials and provides free Internet access.

Floated at 35 cents, the scrip is now at 15 cents.

Li said he was very proud of the GoConnect capital raising: "It was against all the odds and we have succeeded."

"

Fast forward 2014 - $44 Million capital raised; 0 reward for shareholders.