anyone willing to purchase a bottom feeder

Interesting to take a look back - ASC managed to screw up again.

Let's look at the company now:

- Absolutely terrible record, management are terrible, there is nothing good to say about this company's past history.

- somehow a 192,000 first half profit for last year, turned into a 500k loss.

- Share price is now 3.1c/share - market cap of 9 million.

- Book value per share is approx double the current share price. Current assets = 19mil all liabilities of the company are 4.5mil. Leaving a gap of 6.5mil between left over current assets and market cap.

- Recent acquisition of a company that receives income from mobile communities that it has established with 3 mobile and Virgin mobile. This company is currently in an expansionary phase. Expected to make a loss this financial year of $500k, then profit of $1mil, then profit of $2mil the year after that. Total consideration paid for the sale is dependent on profit levels reached (levels not fully disclosed, but maximum consideration appears to be 100million ASC shares plus an injection of 1.5mil working capital into the company).


Summary:
Adultshop is terrible, but trading WAY below the market value of it's current assets less all liabilities. Anyone willing to bottom feed and speculate on this one these days?