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-   -   FFN (AFF Stock) down another 8% so far today... penny stock here we come. (https://gfy.com/showthread.php?t=1022930)

will76 05-17-2011 09:48 AM

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... :thumbsup

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


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 :winkwink:

merina0803 05-17-2011 09:52 AM

pinky sheety

seeandsee 05-17-2011 10:20 AM

How do they operate with no revenue?!?

kristin 05-17-2011 10:26 AM

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.

L-Pink 05-17-2011 10:34 AM

Where is the gold mining stock that was being pumped here a few week ago at ???

will76 05-17-2011 10:53 AM

on a free fall now... down to $6.32

merina0803 05-17-2011 10:55 AM

maybe they can do a reverse split :1orglaugh:1orglaugh

Si 05-17-2011 10:59 AM

Good stuff!

MrBottomTooth 05-17-2011 11:04 AM

So who here bought some? Or are you too busy fastening up a noose to respond?

Vendot 05-17-2011 11:41 AM

Quote:

Originally Posted by will76 (Post 18145606)
That's one grave I'll be happy to piss on when it finally dies :winkwink:

You think we dont know this by now?

Houdini 05-17-2011 11:56 AM

Quote:

Originally Posted by kristin (Post 18145717)
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.

uno 05-17-2011 12:06 PM

buy short?

Internet User 05-17-2011 12:10 PM

Haters gonna hate.

Internet User 05-17-2011 12:11 PM

Who's coming to Costa Rica party? Let's meet up and network :glugglug

http://imageshack.us/m/84/6109/affb.gif

woj 05-17-2011 12:30 PM

around 5.60 now, ouch...

ajrocks 05-17-2011 12:31 PM

around and around she goes, where she stops, who the fuck knows!

Nicky 05-17-2011 12:34 PM

Anybody cashing in on buying short?

JFK 05-17-2011 12:34 PM

Quote:

Originally Posted by L-Pink (Post 18145749)
Where is the gold mining stock that was being pumped here a few week ago at ???

wondered about that earlier today:2 cents: :winkwink:

Atticus 05-17-2011 12:39 PM

Quote:

Originally Posted by Internet User (Post 18146048)
Who's coming to Costa Rica party? Let's meet up and network :glugglug

http://imageshack.us/m/84/6109/affb.gif

Maybe in between wining and dining the top affiliates they'll host a seminar on debt reduction?

V_RocKs 05-17-2011 12:42 PM

Maybe they need to start a friend finder where members find people willing to buy their stock?

GTS Mark 05-17-2011 01:03 PM

Quote:

Originally Posted by Internet User (Post 18146048)
Who's coming to Costa Rica party? Let's meet up and network :glugglug

http://imageshack.us/m/84/6109/affb.gif

I'm pretty sure I'm coming :-)

Niktamer 05-17-2011 01:06 PM

me and fred will be there aswell.

will76 05-17-2011 04:06 PM

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

http://www.rowthree.com/wp-content/u...iss_grave4.jpg

will76 05-17-2011 04:08 PM

Quote:

Originally Posted by V_RocKs (Post 18146148)
Maybe they need to start a friend finder where members find people willing to buy their stock?

LOL nice.

Nicky 05-17-2011 04:15 PM

Here's a stock tip. African Oil Corp on the Canadian market. I estimate a very nice return in the 6 months range.

AsianDivaGirlsWebDude 05-17-2011 05:51 PM

From the Wall Street Journal:

Quote:

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?
http://www.financetwitter.com/wp-con...tock_Chart.png

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

ADG

marlboroack 05-17-2011 05:53 PM

I'm just going to stock up on Vag and Food, then have a secret base deep inside the earths crust.

SomeCreep 05-17-2011 06:09 PM

Lots of shareholders cashing out of that stock.

merina0803 05-17-2011 06:16 PM

Quote:

Originally Posted by GTS Mark (Post 18146220)
I'm pretty sure I'm coming :-)

i bet you are cumming :winkwink:

merina0803 05-17-2011 06:16 PM

Quote:

Originally Posted by Nicky (Post 18146850)
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? :1orglaugh

twistyneck 05-17-2011 07:00 PM

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.

L-Pink 05-17-2011 07:06 PM

It's a shame that an honest ethical company like aff is doing so poorly.

.

Spudstr 05-17-2011 07:59 PM

Quote:

Originally Posted by SomeCreep (Post 18147124)
Lots of shareholders cashing out of that stock.

You hit the nail on the head

slapass 05-17-2011 08:11 PM

I get big checks from them. I hope they go to 50 and keep paying me. :)

slapass 05-17-2011 08:13 PM

Also are they the only three letter stock on the nasdaq? I thought they all had four letters? Three was for the NYSE.

Supz 05-17-2011 08:41 PM

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...

Socks 05-17-2011 08:49 PM

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?

Paul Markham 05-17-2011 11:19 PM

FriendFinder Shares Off by 20%; Stock at $5.75 a Share

Made my day and it's only 8:20 am :thumbsup

Paul Markham 05-17-2011 11:24 PM

Quote:

Originally Posted by slapass (Post 18147272)
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.

will76 05-18-2011 01:29 PM

bump for the losers....


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