ASC 6.67% 1.6¢ adultshop.com limited

legal action, page-12

  1. 7,409 Posts.
    Yes credibility, the key word, and they have none. Maybe if a few more directors resign. I agree there is potntially a huge market to tap into, but there is also alot of competition. If you can consistently gain a percentage of that market, then it is a money machine. But with all that has gone on within ASC, it is hard to enthuse about them and trust that they will do the right thing by the investor.

    It's probably not so much the cost of legal preceedings but the messiness and time it takes to defend such cases that is going to side-track the focus of management in th shorter term.

    Cheers
 
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