What is this about 14 separate divisions? Jesus Mary Joseph Shmuely and Achmed look at the numbers. This is like the Titanic; Everyone keeps wanting to give advice but no one will listen. What a tragedy. It would take 12 months to turn this around. I guess the owners of the debt will wind up owning the assets and that must be what they want. I do have to say, though, there are 7 bil people, so they are claiming the same penetration as Facebook? 1 in every 15 people on earth is a member? I doubt it.
http://www.smartmoney.com/invest/sto...?mg=com-sec-sm
"Finally, the most provocative site also happens to have the least provocative stock. FriendFinder Networks (FFN: 0.68, 0.03, 4.62%), which owns the Penthouse brand and runs a bevy of sites with a more explicit focus, claims over 484 million members worldwide and 180,000 new members each day.
Despite those statistics, income for FriendFinder has dropped 32% year-over-year, leading the company to recently announce a reorganization into 14 separate divisions. A bevy of lawsuits relating to its initial public offering hasn't helped either. With shares now trading ominously under $1, this is a trade you don't want ask out."