Quote:
Originally Posted by TarPy
incorrect. The 400 million was already PAID to lars and andrew, hence the $400 million in debt to other people... You have to raise the money to buy it, when they bought it, lars and andrew got paid. I forget who's $400 mill it is, but it sounded like more traditional banking lenders... who are in no position to be cutting people slack right now..
lars is probably off fishin, or driving his car.
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Since everyone is speculating and all - what about this scenario, which has nothing to do with Penthouse or Adult Friend Finder, or the impending AFF IPO...just a made for TV financial thriller script concept I have been toying with:
Two scamming companies, up to their chins in debt due to their shenanigans, conspire to cover up their dubious business practices by having one thieving entity supposedly buy the other out for a ridiculous sum (considering the insolvency of both companies), with the intent of hoodwinking suckers into thinking the company is worthy of investment, thus bailing them both out.
I know, such an idea is truly far-fetched. Next thing you know, people will suggest that money-laundering, or perhaps some other unsavory practices may have been afoot.
It would be a shame to see the funding of sites that steal content suddenly dry up...NOT!!!
ADG