Investor Hugh Honey has long had an interest in spicing up his love life which led him to purchase stock in adultshop.com when the adult business was booming.
Despite the company moving from a retail model to a wholesale model, Mr Honey keenly attended the AGM hoping to gain some insight into upcoming product launches, only be to utterly confused by discussions had about assays, estimates and metallurgy.
Listed on the ASX under the holding Delecta Limited (ASX: DLC), the Group diversified their business dealings in 2014 unbeknownst to Honey when the company acquired an interest in a Canadian oil and gas project.
“I guess if they have cash flow coming in from the adult business, it makes sense to invest it somewhere,” said Mr Honey.
Delecta now owns additional interests in an Oklahoma oil and gas project, Nevada copper project and Austria lithium project.
“I suppose all those vibrators will need to be powered by lithium-ion batteries.”
Failed stand-up comic who now gets his kicks from Simpsons business memes.
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