According to CNet, and as many of us suspected, the AFF/Penthouse IPO that was announced earlier this week is a "Hail Mary" to try to avoid bankruptcy for their almost $450 million of debt.
It seems that they may have to pull all of their advertising, and, if they were to go bankrupt, they may be able to avoid paying out any amounts that they owe people on their affiliate programs.
If that all plays out, lots of us will have lots of ad space (and we'll be owed a ton of money). What will you do?
http://news.cnet.com/8301-1023_3-101...orsPicksArea.0