ASC adultshop.com limited

re: feeding the chooks Check your facts carefully Tom, you might...

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    re: feeding the chooks Check your facts carefully Tom, you might miss a very good buying opportunity otherwise.

    By facts...I mean go away and find out exactly what has happened to the company over the last 18 months.

    The $2.2m NPAT is not a joke it is real...so is the $13m in the bank which has been accumulating at a rate of $500k per month since NOv-02 which was AFTER they refunded the disputed $6.4m of credit card revenue.

    Cash backing per share is now 4.5c ps implying a "normalised" PE of 7.5. Even if we include the cash, the PE at 10c is 13.7c.

    And what will they do with all that money?
 
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