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.”
Adelaide-based metal printing group books record $12.5 million revenue and a record $78 million sales…
Harris Technology has found a higher-margin growth engine in an unlikely place: the market for…
Imagion Biosystems (ASX: IBX) is moving its MagSense® HER2 Imaging Agent Phase 1b/2 clinical trial…
Acrux (ASX:ACR) is set to bring its transdermal Estradiol spray Lenzetto® to the Australian market…
The race to secure Western-aligned critical minerals supply chains is accelerating as governments and industry…
Green360 Technologies (ASX:GT3) has taken a major step forward in the commercialisation of its low-carbon…