Wow it keeps getting worse for FFN, lawsuit over securities violation - GoFuckYourself.com

Shap · 12-13-2011, 08:25 AM

I just read the following. Doesn't sound good

http://pr-usa.net/index.php?option=c...50&I temid=32

http://www.marketwatch.com/story/law...inc-2011-12-01

arock10 · 12-13-2011, 09:04 AM

this another one or the existing one

Barefootsies · 12-13-2011, 09:10 AM

Shap76????

SomeCreep · 12-13-2011, 10:01 AM

I think they're going to have to file for bankruptcy protection pretty soon. In which case, their stock would go to zero. Last I read, they were over 500 million in debt and losing millions every quarter.

Brad Mitchell · 12-13-2011, 10:03 AM

500 million in debt? Wow.

Brad

JFK · 12-13-2011, 10:17 AM

Quote:

Originally Posted by Brad Mitchell

500 million in debt? Wow.

Brad

Brad, you can use your Black Amex and clear that up in no time

ilnjscb · 12-13-2011, 10:39 AM

What is this about 14 separate divisions? Jesus Mary Joseph Shmuely and Achmed look at the numbers. This is like the Titanic; Everyone keeps wanting to give advice but no one will listen. What a tragedy. It would take 12 months to turn this around. I guess the owners of the debt will wind up owning the assets and that must be what they want. I do have to say, though, there are 7 bil people, so they are claiming the same penetration as Facebook? 1 in every 15 people on earth is a member? I doubt it.

http://www.smartmoney.com/invest/sto...?mg=com-sec-sm

"Finally, the most provocative site also happens to have the least provocative stock. FriendFinder Networks (FFN: 0.68, 0.03, 4.62%), which owns the Penthouse brand and runs a bevy of sites with a more explicit focus, claims over 484 million members worldwide and 180,000 new members each day.

Despite those statistics, income for FriendFinder has dropped 32% year-over-year, leading the company to recently announce a reorganization into 14 separate divisions. A bevy of lawsuits relating to its initial public offering hasn't helped either. With shares now trading ominously under $1, this is a trade you don't want ask out."

fris · 12-13-2011, 10:48 AM

i really dont get how they continue to pay out with the issues they are having

pornguy · 12-13-2011, 10:54 AM

Kind of shit happened when you live the life but dont have the income.

VikingMan · 12-13-2011, 12:05 PM

How long till Nasdaq delists them? FFN is @ .70 with average daily volume of 92,000

Just Alex · 12-13-2011, 12:12 PM

whats getting worse for me is them switching my per click program to some other crap and keeping the $.

you-big-dummy · 12-13-2011, 12:16 PM

Quote:

Originally Posted by pornguy

Kind of shit happened when you live the life but dont have the income.

What are you talking about? ` They're looking at securities violations! ` You can bet manipulative and deceptive are a part of it. Insider trading, market manipulation, fraudulent financial statements. `They're looking at extensive litigation which will result in a substantial fine.

CyberHustler · 12-13-2011, 12:23 PM

Quote:

Originally Posted by Just Alex

whats getting worse for me is them switching my per click program to some other crap and keeping the $.

Just create another account and start over 'till they switch it... then do it again.

GonZo · 12-13-2011, 12:29 PM

Lars says he was forced ! ! !

AsianDivaGirlsWebDude · 12-13-2011, 12:33 PM

Quote:

December 11 2011

Losers (% price change)

FriendFinder Networks (FFN): The shares closed at $0.6809, down $0.24, or 26.09% on the week. The stock is $9.32 or 93.2% lower than IPO price of $10.00.

Perhaps creating all of the divisions is simply a way to prep FFN for a fire sale.

ADG

12-13-2011, 08:25 AM	#1
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	Wow it keeps getting worse for FFN, lawsuit over securities violation I just read the following. Doesn't sound good http://pr-usa.net/index.php?option=c...50&I temid=32 http://www.marketwatch.com/story/law...inc-2011-12-01

12-13-2011, 09:04 AM	#2
arock10 Confirmed User Join Date: Jan 2006 Posts: 6,218	this another one or the existing one __________________ Sup

12-13-2011, 09:10 AM	#3
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Shap76???? __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

12-13-2011, 10:01 AM	#4
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	I think they're going to have to file for bankruptcy protection pretty soon. In which case, their stock would go to zero. Last I read, they were over 500 million in debt and losing millions every quarter. __________________ Webair Hosting I use and recommend Webair for hosting.

12-13-2011, 10:03 AM	#5
Brad Mitchell Confirmed User Industry Role: Join Date: Nov 2001 Location: Southfield, MI Posts: 9,781	500 million in debt? Wow. Brad __________________ President at MojoHost \| brad at mojohost dot com \| Skype MojoHostBrad 71 industry awards for hosting and professional excellence since 1999

12-13-2011, 10:39 AM	#7
ilnjscb So Fucking Banned Industry Role: Join Date: Jun 2009 Posts: 8,695	What is this about 14 separate divisions? Jesus Mary Joseph Shmuely and Achmed look at the numbers. This is like the Titanic; Everyone keeps wanting to give advice but no one will listen. What a tragedy. It would take 12 months to turn this around. I guess the owners of the debt will wind up owning the assets and that must be what they want. I do have to say, though, there are 7 bil people, so they are claiming the same penetration as Facebook? 1 in every 15 people on earth is a member? I doubt it. http://www.smartmoney.com/invest/sto...?mg=com-sec-sm "Finally, the most provocative site also happens to have the least provocative stock. FriendFinder Networks (FFN: 0.68, 0.03, 4.62%), which owns the Penthouse brand and runs a bevy of sites with a more explicit focus, claims over 484 million members worldwide and 180,000 new members each day. Despite those statistics, income for FriendFinder has dropped 32% year-over-year, leading the company to recently announce a reorganization into 14 separate divisions. A bevy of lawsuits relating to its initial public offering hasn't helped either. With shares now trading ominously under $1, this is a trade you don't want ask out." Last edited by ilnjscb; 12-13-2011 at 10:45 AM..

12-13-2011, 10:48 AM	#8
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 54,946	i really dont get how they continue to pay out with the issues they are having __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

12-13-2011, 10:54 AM	#9
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Kind of shit happened when you live the life but dont have the income. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

12-13-2011, 12:05 PM	#10
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,378	How long till Nasdaq delists them? FFN is @ .70 with average daily volume of 92,000

12-13-2011, 12:12 PM	#11
Just Alex Liv Benson to You, Bitch Industry Role: Join Date: Aug 2007 Location: Maryland and WV Posts: 6,060	whats getting worse for me is them switching my per click program to some other crap and keeping the $. __________________

12-13-2011, 12:29 PM	#14
GonZo Confirmed User Industry Role: Join Date: Jul 2002 Location: Atlanta,Ga. Posts: 3,180	Lars says he was forced ! ! ! __________________ Assclown Bob Rice wants to BANG your credit card! "I am putting the bastards of this world on notice; greed and corruption will always be met with "a voice made of ink and rage." All the information above is my personal opinion.