I am perplexed.What do people mean "are these forecasts...

I am perplexed.

What do people mean "are these forecasts achievable"

Go back over the last announcements and try and find an occassion where ASC did not meet or exceed its forecast. Do people not think that ASC can predict its profit for the financial year given there is only a month to go ?

ASC is making 11.6 million this financial year after reversing from a loss making company last year. growth rate in revenue and profit doubling in 6 months...not achievable ?? They did better than this in the last 6 months.

The Formula has been simple - get into decent porn sites on the net. You can argue all you want as to whether this would be profitable, but the fact is the money is in the bank - $30 million in cash reserves by the end of the financial year ( 2 months time!), so speculate away as to 'free porn etc" while ASC apparently proves your theories wrong, people are paying for porn. Profit in 2002/2003 is forecast to be about half the current market cap. The share price will be adjusted up to a fair value eventually.

I agree that it was a good idea to lock in profits and take stock of the situation, but I would suggest have a look at the figures if you are able and have a think about where ASC is heading.