While it doesnt quite fit in 'ASX' stock chat, this seems the best section.
I subscribed to Smart Capital magazine thanks to the generous free offer they gave ASF members and in it they mention ASSOB often.
ASSOB = Aus Small Scale Offerings Board
Essentially what it is, is a site for private investor to be able to invest in shares of non-listed publice, or private, companies. So essentially it allows people to go on there, look at various co's prospectuses and invest (min 10k) into an up and comin company in the hope thta they will get a ROI when the company either gets taken over or lists on the ASX in a few years time.
So what people can do through this site is act like a business angel, but on a bit smaller scale