Quote:
Originally Posted by Pleasurepays
is the answer... "the guy who was foolish enough to do an IPO for a porn company only to realize after the fact that their meager earnings and poor performance was then public info"?
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I don't want to "call you out" because it is very complicated and the number of variables on how a deal is structured is almost endless, but the porn co. was a private sub and public bookeeping always shows less profit since stock issues count as expenses and about 1000 other reasons. Not to mention it was the beginning of the Mobbucks launch (like literally the first four months) before we pulled it out.
Incidentally I highly recommend what we did from a financial perspective. And i have a decent amount of experience doing it. let's just say we did very very good for ourselves. When the company started to earn the big bucks we extracted from the public entity and took the sub private.
I've raised about $12,000,000 for my own co's in the past five years, one got sold to TD Waterhouse, one Computer Associates, and brought two of them public through reverse merger not traditional IPO, and have been a licensed stock broker since '96. So I have an idea what i'm doing.
Trust me the decision served us all well. As for the state of mobbucks now, you'll have to ask mike. Aside from investment banking I have been doing my own thing for over six months now. I'm a solo flyer. coimpany I am working with now has about 100 million behing it. So give a guy some props for Christ Sakes.