ASC
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6.67% 1.6¢ adultshop.com limited

this has become a rubbish stock, page-2

  1. riverview
    549 Posts.
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    16/09/03
    11:03
    Post #: 248706
    I also read their annual report this morning and if I was still holding, I'd dump this stock fast.

    As first noted in their June monthly ASX notice, the online erotica business seems doomed because of increased regulations put in force by MasterCard and Visa which are due to come into effect this October. ASC stated that many Credit Card processors are now refusing to handle erotica. Reflecting this, ASC wrote down to zero the value of thier online business, and without that, the rest of their businesses don't even pay the rent.
    ASC Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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