*** alert ***
I think this post certainly needs the *** alert *** title.
It looks like Adultshop might lose the online business (pay porn sites) with these credit card changes. I also heard or read somewhere that the "dialer" charge system is or will be banned. I'm pretty sure people are not going to give Adultshop their bank account details for direct debit transactions.
It probably won't fall less than the cash backing (around 3-4c) but where is the upside going to come from. Cashflows just released shows no growth what so ever.
A pity because it would have been such a lovely business, pay porn. I actually joined their site once and the content was worth it. Now you can join hustler.com which is high profile and you get access to every movie of theirs ever made. Adultshop should have listed their online sites like that, it would have atttraced a whole new breed of customer i.e. the long term porno addicts afraid to join up to unknown sites.
Munch.
ASC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
