We can add, to what you say, the subsequent GCN fiasco with First Mongolian. In this case GCN shareholders had to hold around 225,000 GCN shares to qualify for their 'free' entitlement of First Mongolian shares. The illusion of there being a listable First Mongolian company was maintained by GCN for some months.
Now GCN shareholders are being offered grapes in China. The difference this time is that GCN does not offer the minimum holding limit to get their shareprice moving. Anyway, they are now suspended from trading.
Comical, clueless, or calculated? I don't know which description to choose. A combination of all three perhaps. But as you suggest - not comical for those that lost $$$.
GCN Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held