The Daily Planet would be a very speculative stock so you definately wouldn't want to sink your life savings into it. The stocks issue price was 50 cents. There are obviously people who invest in speculative stocks or the Canadian Venture Exchange wouldn't exist.
I'm not trying to promote the stock but I think if it helps make the industry more mainstream that would be great. Its funny how some peoples moral objections go out the window when there is the chance to make a profit from prostitution. Many of the big brokerage houses refused to touch The Daily Planets stock until they say all the media buzz and the opportunity to make money.
my biggest concern would be how would the average shareholder trust a business that is fraught with potential losses (ie., loss due to money laundering, under-the-table negotiations, crimimal organization)... I realize the brothel itself is above board (well.. its legal anyway)... but how does the shareholder prevent skimming?? I mean, in Vegas, there are cameras...
Granny, when you mention skimming do you me by the girls. In this case The Daily Planet makes its money by renting out the rooms to the customers, therefore the shareholders are buying shares of the hotel itself.
The girls are independent contractors who keep all the money for the services they provide. I suppose if the operators of The Daily Planet used shady accounting practices they might not account for all the money they make off room rentals. Then again shady accounting by management is a risk in all publicly traded companies as the situation with Enron, etc in the US illustrates.
good point - thanks for the info... didn't know the entire story (serves me right). And you are right - wouldn't be the firs t time a public company was responsible for shady dealings. Hmm... maybe at least this way, you have the heads up and can make a decision accordingly. Not so with Enron and others, right?