Seems there is a general consensus about top cam companies and billing companies.
Some would invest in top tubes, some not.
Few mentioned content producers.
I have to agree with the general consensus, and say nothing new or different from the other guys. For cams the complete list is here:
Complete list of cam sites existing, all of them - GoFuckYourself.com - Adult Webmaster Forum
From that list, I would either bet for the top 5, or, buy 5 of the mid-lower sites and merge them together, it may cost less than buy 1 of the top, and end up nice, but, there's no real M&A geniuses in adult space it seems
Issue of tax havens: there was VAT dramas for AFF/Streamray years ago, and for Fabian/Manwin more recently, for example. We do pay the VAT since the start and it is painful, may lower profits a 20% in EU sales, but we passed TAX inspections getting even compliments from them, that's so cool, we're happy to be 20% less rich. Or are we just pussies? Question for investor: there are 2 companies to chose from, one tricks tax but shows 30% more profit, other is paying it all but shows 30% less profit, would you invest in what company if you're for short period investment or for getting dividend as long as it comes? Honest answers...