ASC 6.67% 1.6¢ adultshop.com limited

losing confidence?Thats what always happens when the price goes...

  1. 632 Posts.
    losing confidence?Thats what always happens when the price goes down and you don't know the reason why.The market is pricing ASC at the same price it was prcing them when they had a $270,000 or so profit, now they have banked around 20 million.
    It's obvious the market has not factored in any of the profits they have made and the reason?
    The word is that some major holders of the stock were not happy with the future strategy of Mr Day.I think ASC would have known what was going on so maybe they have talked,anyway the selling stopped and by the looks of it Bells topped up.Bells I was told sold over 9 mill of the 17 mill they owned and now they own over 12 mill so do the maths and they must have been buying.
    It's cheap but I think most would want to know the future strategy before going long in the stock.
 
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Currently unlisted public company.

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