Quote:
Originally Posted by ShellyCrash
It's pretty crazy to see such a giant crush under it's own weight, but I don't think they've run out of ways to monetise what they have to the point of dismantle. Only time will tell I suppose.
|
If it was just AFF/Cams they would be fine, and would have remained profitable. They would have been in a decline, especially with AFF as that has peaked but it still would have made good money.
The problem is that AFF/Cams is now weighted down tremendously by penthouse. Do some research on penthouse. They have been trying to leach on to something to save them for years. They tried it with ibill and and sunk ibill faster than the titanic. They will be doing the same to AFF/Cams.
Lars had the best deal of them all with Cams.com, while AFF was grossing hundreds of millions, it was on the way down and becoming involved with lawsuits. Then you have Penthouse, why would anyone want to partner up with them. I suspect Lars got suckered into a deal with AFF for some reason, AFF shorly after wanted to unload before their sales started tanking and the lawsuits started coming in but they couldn't find a buyer. Along comes penthouse which is going bankrupt trying to find something profitable to leach onto for a last ditched IPO so they could line their pockets. They convince AFF/Cams to sell to them, mainly for the stock options that will come to fruition once they package it all up nice and neat and do an IPO.... which looks like it will never happen.
That's my take/guess on it. I think the biggest loser is Lars. At the end of the day he would probably have made a lot more money if he would have held on to cams.com. It could have been the #1 cam site and still growing right now. AFF was on the down turn, now they don't have any controll, Stanton and Bell run the show and all they care about is the IPO, if that doesn't happen I am sure they have some angle they can do with liquidiation or something to still get their pockets filled.