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Old 05-17-2011, 09:48 AM   #1
will76
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FFN (AFF Stock) down another 8% so far today... penny stock here we come.

Friend Finder Network (FFN) opened at $10 a share last week and quickly fell over 20% in the first day of trading and has been dropping from $7.50 a share to currently around $6.60 a share as it continues to drop...

wont be long, it will be either delisted or a penny stock.


Quote:
The company, which had outstanding debt of $542.5 million as of April 15, had accumulated net losses of $210 million in the five years through 2010, the prospectus showed. Net revenue for the year ended Dec. 31 was $346 million, while the net loss was $43.2 million, according to the filing.
http://www.bloomberg.com/news/2011-0...r-tumbles.html

They had a NET LOSS of 43.2 million for 2010 and had a NET LOSS of 210 MILLION from 2005 - 2010. That doesn't count their 542 MILLION of outstanding debt, that is how much they lost each year from their expenses being a lot more than their revenue. And yet people really want to buy stock in this company, the only way its going is down and fast. That's one grave I'll be happy to piss on when it finally dies
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Old 05-17-2011, 09:52 AM   #2
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pinky sheety
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Old 05-17-2011, 10:20 AM   #3
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How do they operate with no revenue?!?
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Old 05-17-2011, 10:26 AM   #4
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They had 2 million shares when it opened, then last week it fell to a little above 400k, now it's down to 280k. Dang.
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Old 05-17-2011, 10:34 AM   #5
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Where is the gold mining stock that was being pumped here a few week ago at ???
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Old 05-17-2011, 10:53 AM   #6
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on a free fall now... down to $6.32
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Old 05-17-2011, 10:55 AM   #7
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maybe they can do a reverse split
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Old 05-17-2011, 10:59 AM   #8
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Old 05-17-2011, 11:04 AM   #9
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So who here bought some? Or are you too busy fastening up a noose to respond?
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Old 05-17-2011, 11:41 AM   #10
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That's one grave I'll be happy to piss on when it finally dies
You think we dont know this by now?
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Old 05-17-2011, 11:56 AM   #11
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They had 2 million shares when it opened, then last week it fell to a little above 400k, now it's down to 280k. Dang.
That's just daily volume. There's 8.3 million shares outstanding.
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Old 05-17-2011, 12:06 PM   #12
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buy short?
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Old 05-17-2011, 12:10 PM   #13
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Haters gonna hate.
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Old 05-17-2011, 12:11 PM   #14
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Who's coming to Costa Rica party? Let's meet up and network

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Old 05-17-2011, 12:30 PM   #15
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around 5.60 now, ouch...
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Old 05-17-2011, 12:31 PM   #16
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around and around she goes, where she stops, who the fuck knows!
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Old 05-17-2011, 12:34 PM   #17
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Anybody cashing in on buying short?
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Old 05-17-2011, 12:34 PM   #18
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Where is the gold mining stock that was being pumped here a few week ago at ???
wondered about that earlier today
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Old 05-17-2011, 12:39 PM   #19
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Who's coming to Costa Rica party? Let's meet up and network

Maybe in between wining and dining the top affiliates they'll host a seminar on debt reduction?
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Old 05-17-2011, 12:42 PM   #20
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Maybe they need to start a friend finder where members find people willing to buy their stock?
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Old 05-17-2011, 01:03 PM   #21
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Who's coming to Costa Rica party? Let's meet up and network

I'm pretty sure I'm coming :-)
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Old 05-17-2011, 01:06 PM   #22
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me and fred will be there aswell.
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Old 05-17-2011, 04:06 PM   #23
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LOL down another 20% today... down $5.75 a share, Almost 50% down from when it went live a week ago and the Nasdaq was up too.

Dont have time to photo shop it, but that is FFN

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Old 05-17-2011, 04:08 PM   #24
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Maybe they need to start a friend finder where members find people willing to buy their stock?
LOL nice.
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Old 05-17-2011, 04:15 PM   #25
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Here's a stock tip. African Oil Corp on the Canadian market. I estimate a very nice return in the 6 months range.
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Old 05-17-2011, 05:51 PM   #26
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From the Wall Street Journal:

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FriendFinder Networks Inc. (NASDAQ: FFN) had one of the worse IPO debuts of recent years.

After pricing 5 million shares at $10.00 per share on Wednesday, the stock?s first day close was all the way down at $7.85 on volume of only 2.7 million shares. Its second day, today, was another drop with shares falling by 5.2% more down to $7.44 on volume of less than a half-million shares.

With friends like this, who needs enemies?


...and that was before today's further tumble.

ADG
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Old 05-17-2011, 05:53 PM   #27
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I'm just going to stock up on Vag and Food, then have a secret base deep inside the earths crust.
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Old 05-17-2011, 06:09 PM   #28
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Lots of shareholders cashing out of that stock.
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Old 05-17-2011, 06:16 PM   #29
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I'm pretty sure I'm coming :-)
i bet you are cumming
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Old 05-17-2011, 06:16 PM   #30
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Here's a stock tip. African Oil Corp on the Canadian market. I estimate a very nice return in the 6 months range.
that reporter ever get in touch with your boss?
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Old 05-17-2011, 07:00 PM   #31
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Half a billion in debt and losing $40-$50 million a year... I can't understand why the stock would go down, it makes no sense at all.
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Old 05-17-2011, 07:06 PM   #32
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It's a shame that an honest ethical company like aff is doing so poorly.

.
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Old 05-17-2011, 07:59 PM   #33
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Lots of shareholders cashing out of that stock.
You hit the nail on the head
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Old 05-17-2011, 08:11 PM   #34
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I get big checks from them. I hope they go to 50 and keep paying me.
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Old 05-17-2011, 08:13 PM   #35
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Also are they the only three letter stock on the nasdaq? I thought they all had four letters? Three was for the NYSE.
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Old 05-17-2011, 08:41 PM   #36
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That is not far from where I go in costa rica, but I think I am going around July 4th

....forgot to quote the costa rica trip pic.


This stock just aint gonna make it...
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Old 05-17-2011, 08:49 PM   #37
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Aren't there rules against having an IPO that tanks this bad? To have an IPO they would have had to raise a lot of money from institutional investors, who are now all selling a week later?
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Old 05-17-2011, 11:19 PM   #38
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FriendFinder Shares Off by 20%; Stock at $5.75 a Share

Made my day and it's only 8:20 am
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Old 05-17-2011, 11:24 PM   #39
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I get big checks from them. I hope they go to 50 and keep paying me.
Play safe and think of where else to send traffic.
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Old 05-18-2011, 01:29 PM   #40
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bump for the losers....
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Old 05-19-2011, 01:49 AM   #41
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ADG
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Old 05-19-2011, 01:57 AM   #42
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That's one grave I'll be happy to piss on when it finally dies
Wouldn't they just restructure, with a new shell company buying the assets and then continuing on biz going forward as if nothing happened?

Still, would be nice to know that they've officially died, even if it doesn't amount to much in the real world.
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Old 07-16-2011, 03:57 PM   #43
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so whos comming to Costa Rica Tomorrow ?
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Old 07-16-2011, 04:12 PM   #44
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Old 07-16-2011, 04:14 PM   #45
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Wouldn't they just restructure, with a new shell company buying the assets and then continuing on biz going forward as if nothing happened?
The short answer is no.
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Old 07-16-2011, 05:52 PM   #46
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Don't worry, AFF will recover
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Old 07-16-2011, 05:59 PM   #47
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Now at $4.39

http://www.google.com/finance?client=ob&q=NYSE:FFN
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Old 07-16-2011, 06:02 PM   #48
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links pulled.
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Old 07-16-2011, 10:46 PM   #49
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so whos comming to Costa Rica Tomorrow ?
I'll be there
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Old 07-16-2011, 11:10 PM   #50
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$4.39 is far from penny stocks
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