ASC 6.67% 1.6¢ adultshop.com limited

$7 million write down - warning

  1. 86 Posts.
    Lost at the back of their appendix 4C released a few days ago, they note that a write down of $7,234,200 will be reflected in their final report for the year ending 30 June. Reason: because proposed changes by Visa and Mastercard to chargeback and refund thresholds threaten to 'undermine' future financial performance.

    Crikey, with all their other problems, why would anyone put money into this company?
 
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