FFN sued - stock tanks even more - GoFuckYourself.com

Atticus · 11-16-2011, 05:16 PM

Apologies if already posted.

$1.39 at close today. (down another 5%)

Quote:

Block & Leviton LLP announced that it has filed suit against FriendFinder Networks, Inc. FFN's officers, directors and two underwriters ? Ladenburg Thalmann & Co. Inc. and Imperial Capital LLC ? are also named as defendants. The lawsuit, captioned Greenfield Childrens Partnership v. FriendFinder Network, Inc. et al., 11-cv-24098, is pending in the United States District Court for the Southern District of Florida. The lawsuit alleges violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 on behalf of investors who purchased or otherwise acquired FFN's common stock pursuant to the May 11, 2011 public offering of its common stock. The complaint asserts that FFN, its officers, directors and Underwriters made false and misleading statements and omissions in the Registration Statement and Prospectus dated May 10, 2011 and May 11, 2011, respectively According to the May Offering Documents, after the offering there would be approximately 26.7 million common shares outstanding. Of these shares, at least 20.9 million were subject to a 180 day lock-up period, during which the shares could not be traded. These statements are alleged to have been false and misleading when made because: a material number of the Restricted Shares were publicly traded during the lock-up period; and the Company was suffering from grossly deficient internal controls and therefore was unable to abide by the terms of the May Offering Documents.

TheSquealer · 11-16-2011, 06:12 PM

Don't worry, your affiliate payments owed to you by a failing company buried in 8 figures in debt are not at risk. I mean, why would they be?

marlboroack · 11-16-2011, 07:01 PM

Why is everyone suing everyone?

Atticus · 11-16-2011, 08:36 PM

Quote:

Originally Posted by marlboroack

Why is everyone suing everyone?

It appears as though FFN claimed there was a 180 lock down period before directors could sell shares. Then they proceeded to dump them during said 180 days. :help me

Plus if you were stupid enough to buy that turd you probably would be looking for any possible excuse to file a lawsuit also.

Fletch XXX · 11-16-2011, 08:37 PM

ive done so many ads for this stuff heheh lots of money has been made with FF products

u-Bob · 11-17-2011, 03:13 AM

no surprise there.

JohnRingo · 11-17-2011, 03:21 AM

Surprised there ain't a class action by members claiming fraud with all the fake profiles. Hey. That gives me an idea. Think I'll scour all the dating sites I've promoted over the years, find all the crap fake profiles and contact my lawyers.

AsianDivaGirlsWebDude · 11-17-2011, 03:26 AM

Ouch!

ADG

SZNY · 11-17-2011, 04:29 AM

Damn this sucks monkey balls

Nautilus · 11-17-2011, 04:47 AM

About time for the damn thing to bite the dust. Half of the illegal tubes out there will cease to exist without their "media buys".

JFK · 11-17-2011, 04:52 AM

Quote:

Originally Posted by marlboroack

Why is everyone suing everyone?

sign of the times ?

ErectMedia · 11-17-2011, 04:54 AM

Quote:

Originally Posted by JohnRingo

Think I'll scour all the dating sites I've promoted over the years, find all the crap fake profiles and contact my lawyers.

Don't think you would have to scour unless you're looking for real profiles.

Atticus · 11-17-2011, 03:09 PM

$1.25

Down another 10% at close today.

Below a $1 by Dec 1?

Fabien · 11-17-2011, 03:22 PM

I got some coins over there and NO i ain't got a tube site. FOR REAL

Dubya · 11-17-2011, 03:30 PM

dun dun dun

porno jew · 11-17-2011, 03:35 PM

anyone else not get paid last period?

SomeCreep · 11-17-2011, 03:38 PM

I said months ago, the stock was headed to $1.

Fabien · 11-17-2011, 03:40 PM

Quote:

Originally Posted by porno jew

anyone else not get paid last period?

Shit you're right ?????????????????????????????

I just checked my stats/payment
WTF ?

Fabien · 11-17-2011, 03:51 PM

Paranoid here ?

Last payment Oct 19, 2011

EukerVoorn · 11-17-2011, 04:38 PM

Quote:

Originally Posted by marlboroack

Why is everyone suing everyone?

Because everything's collapsing

stocktrader23 · 11-17-2011, 04:46 PM

Quote:

Originally Posted by EukerVoorn

Because everything's collapsing

JustJ · 11-17-2011, 06:23 PM

Did Anyone Get Paid?

BIGTYMER · 11-17-2011, 06:44 PM

No payment here either...

porno jew · 11-17-2011, 06:48 PM

last period i saw the payment as "pending" like it usually does then it disappeared and was not payed.

AdultEUhost · 11-17-2011, 07:13 PM

Quote:

Originally Posted by Atticus

$1.25

Down another 10% at close today.

Below a $1 by Dec 1?

I personally don't think it will come to that point as the stock will be taken off market when it hits below $1

BIGTYMER · 11-17-2011, 07:15 PM

Time to put my lifevest on.

fris · 11-18-2011, 10:49 AM

SEC gonna get involved?

Black All Through · 11-18-2011, 10:55 AM

Quote:

Originally Posted by Nautilus

About time for the damn thing to bite the dust. Half of the illegal tubes out there will cease to exist without their "media buys".

Not with so much competition out there ready to take their place, some tubes could take a hit but it wont tank anyone

ilnjscb · 11-18-2011, 12:18 PM

Quote:

Originally Posted by AdultEUhost

I personally don't think it will come to that point as the stock will be taken off market when it hits below $1

Delisting takes a while it isn't instant.

Also, they supposedly have a short term cash position of 28m (or 15m if they made that purchase) and the stock won't go any lower than cash on hand.

Elli · 11-18-2011, 12:38 PM

People are still getting paid out as usual. If you are missing something in particular, please contact your affiliate manager or feel free to contact me directly.

RycEric · 11-18-2011, 12:40 PM

So when the reverse split?

Si · 11-18-2011, 12:41 PM

Sounds ominous.

porno jew · 11-18-2011, 12:45 PM

see if they actually pay today.

Simpsun · 11-18-2011, 02:50 PM

if anyones having payment issue, you can hit me up as well, I'll see whats going on.

InfoGuy · 11-18-2011, 04:15 PM

Quote:

Originally Posted by TheSquealer

Don't worry, your affiliate payments owed to you by a failing company buried in 8 figures in debt are not at risk. I mean, why would they be?

Correction, FFN is drowing in 9-figures of debt. Long-term debt, net of unamortized discount of $37,342,000 is $453,449,000.

FriendFinder Networks Inc. Reports Financial Results for Third Quarter 2011

InfoGuy · 11-18-2011, 04:26 PM

Quote:

The lawsuit, captioned Greenfield Childrens Partnership v. FriendFinder Network, Inc. et al., 11-cv-24098, is pending in the United States District Court for the Southern District of Florida.

What's a children's investment fund doing investing in a porn company anyway? Let's hope the judge and jury have loads of sympathy for the poor children who allegedly got victimized by the evil Friendfinder Networks.

V_RocKs · 11-18-2011, 05:54 PM

Crash and burn...

Fabien · 11-19-2011, 06:35 AM

got paid

Chosen · 11-19-2011, 12:46 PM

Quote:

Originally Posted by Fabien

got paid

Congrats

SleazyDream · 11-19-2011, 01:43 PM

Quote:

Originally Posted by porno jew

anyone else not get paid last period?

unfortunately, some crazy executive at friend finder decided that you have to actually have sales or rebills to get paid.......the assholes!!!!!!!!

Atticus · 11-22-2011, 11:29 AM

$1.06 and dropping.

Today might be the day it dips below the dollar menu.

SuzzyQ · 11-22-2011, 04:27 PM

Closed at $1.01 today

Atticus · 11-22-2011, 04:32 PM

My guess is tomorrow you can start the clock on the 30 days to delisting.

Nautilus · 11-23-2011, 01:17 AM

Quote:

Originally Posted by Black All Through

Not with so much competition out there ready to take their place, some tubes could take a hit but it wont tank anyone

Well at least competition is not paying with borrowed money, and they're not THAT aggresive with media buys. Probably you're right, it got to the point where AFF demise would not tank anyone, but at least that maybe will keep that "community" of illegal tubes from expanding further, and make the remaining ones feel less comfortable. That's good enough in my book.

InfoGuy · 11-23-2011, 08:44 AM

FFN is under a $1. For those of you who said you would load up on it at this price, you better hurry. FFN will be over $10 in 2012.

Of course, that'll be after they receive their NASDAQ delisting notice and implement a reverse stock split in a last ditch attempt to stay on NASDAQ. FFN shareholders are getting roasted with the other turkeys for Thanksgiving.

RycEric · 11-23-2011, 08:55 AM

Quote:

Originally Posted by Atticus

My guess is tomorrow you can start the clock on the 30 days to delisting.

They get a lot longer than 30 days.

"What is NASDAQ's compliance process for companies failing to meet the $1.00 minimum bid price requirement?
NASDAQ uses the consolidated closing bid price to determine whether a company complies with this requirement. If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, NASDAQ will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements."

AsianDivaGirlsWebDude · 11-25-2011, 04:20 PM

Quote:

Originally Posted by SleazyDream

oh my god - what a BARGAIN!

I'm buying all I can.

This is a long term stock and it's 20% undervalued!

BUY NOW!

Quote:

Originally Posted by Vendot

Gosh you guys are so negative.

Ive got share in Cisco, Exxon, AT&T, Verizon and others. Im thinking of selling my entire portfolio of 12 stocks and investing 100% of the proceeds in FFN.

This way I will become a rich bitch and you will stay poor bore

$0.91 cents per share today...

ADG

RycEric · 11-25-2011, 10:47 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude

$0.91 cents per share today...

ADG

Reverse Split.. Baggies not gonna like it.

B.Barnato · 11-25-2011, 10:50 PM

this is my 50

AsianDivaGirlsWebDude · 11-26-2011, 01:05 AM

ADG

11-16-2011, 06:12 PM	#2
TheSquealer BANNED Industry Role: Join Date: Oct 2004 Location: In Your Head Posts: 25,072	Don't worry, your affiliate payments owed to you by a failing company buried in 8 figures in debt are not at risk. I mean, why would they be? __________________ . Yes, fewer illegal immigrants working equates to more job opportunities for American citizens. Rochard

11-16-2011, 08:37 PM	#5
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	ive done so many ads for this stuff heheh lots of money has been made with FF products __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

11-17-2011, 03:26 AM	#8
AsianDivaGirlsWebDude Purveyor, Fine Asian Porn Industry Role: Join Date: Jul 2004 Location: San Francisco Bay Area Posts: 38,323	Ouch! ADG __________________ Asian Diva Girls - Exclusive Photos and Videos Asian Diva Girls Affiliate Program (50% ccBill Revshare)

11-17-2011, 04:29 AM	#9
SZNY SZNY Industry Role: Join Date: May 2004 Location: Sexy Republic Posts: 2,798	Damn this sucks monkey balls __________________ Skype: sjmanthonio san at ctrlventure dot com

11-17-2011, 04:47 AM	#10
Nautilus Confirmed User Industry Role: Join Date: Sep 2002 Posts: 1,631	About time for the damn thing to bite the dust. Half of the illegal tubes out there will cease to exist without their "media buys". __________________ . . FerroCash - 50+ quality niche paysites to promote \| 100K+ FHGs \| Check recently added galleries New sites \| Pantyhose \| Nylon \| Shemale \| Strapon \| Lesbian \| Mature/MILF \| Anal \| Old&Young \| Gay \| Feet Morphing RSS feeds - check them at the Official blog\| Page Peels (Sample 1 : Sample 2) Wish to review or evaluate our sites before promoting them? Contact me for free password. ICQ: 38.89.22.76 e-mail: support AT ferrocash.com

11-16-2011, 07:01 PM	#3
marlboroack So Fucking Banned Industry Role: Join Date: Jul 2010 Location: ☣ Posts: 9,327	Why is everyone suing everyone?

11-17-2011, 03:13 AM	#6
u-Bob there's no $$$ in porn Industry Role: Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) Posts: 33,063	no surprise there.

11-17-2011, 03:21 AM	#7
JohnRingo So Fucking Banned Industry Role: Join Date: Oct 2010 Posts: 673	Surprised there ain't a class action by members claiming fraud with all the fake profiles. Hey. That gives me an idea. Think I'll scour all the dating sites I've promoted over the years, find all the crap fake profiles and contact my lawyers.

11-17-2011, 03:09 PM	#13
Atticus Confirmed User Industry Role: Join Date: Dec 2004 Location: Las Vegas Posts: 1,051	$1.25 Down another 10% at close today. Below a $1 by Dec 1?

11-17-2011, 03:22 PM	#14
Fabien Confirmed User Industry Role: Join Date: Jul 2003 Posts: 4,787	I got some coins over there and NO i ain't got a tube site. FOR REAL

11-17-2011, 03:30 PM	#15
Dubya So Fucking Banned Join Date: Feb 2008 Posts: 1,152	dun dun dun

11-17-2011, 03:35 PM	#16
porno jew Too lazy to set a custom title Industry Role: Join Date: Nov 2006 Posts: 10,166	anyone else not get paid last period?

11-17-2011, 03:38 PM	#17
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	I said months ago, the stock was headed to $1. __________________ Webair Hosting I use and recommend Webair for hosting.

11-17-2011, 03:51 PM	#19
Fabien Confirmed User Industry Role: Join Date: Jul 2003 Posts: 4,787	Paranoid here ? Last payment Oct 19, 2011

11-17-2011, 06:23 PM	#22
JustJ Confirmed User Industry Role: Join Date: May 2011 Posts: 280	Did Anyone Get Paid? __________________ SMS BILLING / PHONE BILLING / EU DIRECT DEBIT Get Paid For UK Giveaway Entries! START MAKING MORE MONEY TODAY! SKYPE: JUSTJSMS - ICQ: 152263851 - YMSG: JUSTJSMS - EMAIL: jason at p2e dot com

11-17-2011, 06:44 PM	#23
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	No payment here either...

11-17-2011, 06:48 PM	#24
porno jew Too lazy to set a custom title Industry Role: Join Date: Nov 2006 Posts: 10,166	last period i saw the payment as "pending" like it usually does then it disappeared and was not payed.

11-17-2011, 07:15 PM	#26
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	Time to put my lifevest on.

11-18-2011, 10:49 AM	#27
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,219	SEC gonna get involved? __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

11-18-2011, 12:38 PM	#30
Elli Reach for those stars! Industry Role: Join Date: Apr 2003 Location: Vancouver, BC Posts: 17,991	People are still getting paid out as usual. If you are missing something in particular, please contact your affiliate manager or feel free to contact me directly. __________________ Make More Money with Cams and Dating at FFN.com! email: [email protected]

11-18-2011, 12:40 PM	#31
RycEric Confirmed User Industry Role: Join Date: Apr 2009 Posts: 1,313	So when the reverse split?

11-18-2011, 12:41 PM	#32
Si Such Fun! Industry Role: Join Date: Feb 2008 Posts: 13,900	Sounds ominous.

11-18-2011, 12:45 PM	#33
porno jew Too lazy to set a custom title Industry Role: Join Date: Nov 2006 Posts: 10,166	see if they actually pay today.

11-18-2011, 02:50 PM	#34
Simpsun Confirmed User Industry Role: Join Date: Mar 2011 Posts: 113	if anyones having payment issue, you can hit me up as well, I'll see whats going on.

11-18-2011, 05:54 PM	#37
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,391	Crash and burn...

11-19-2011, 06:35 AM	#38
Fabien Confirmed User Industry Role: Join Date: Jul 2003 Posts: 4,787	got paid

11-22-2011, 11:29 AM	#41
Atticus Confirmed User Industry Role: Join Date: Dec 2004 Location: Las Vegas Posts: 1,051	$1.06 and dropping. Today might be the day it dips below the dollar menu.

11-22-2011, 04:27 PM	#42
SuzzyQ Confirmed User Industry Role: Join Date: Dec 2006 Location: Along the shore. Posts: 1,557	Closed at $1.01 today

11-22-2011, 04:32 PM	#43
Atticus Confirmed User Industry Role: Join Date: Dec 2004 Location: Las Vegas Posts: 1,051	My guess is tomorrow you can start the clock on the 30 days to delisting.

11-23-2011, 08:44 AM	#45
InfoGuy 80/20 Rule Industry Role: Join Date: Apr 2010 Location: Los Angeles Posts: 3,051	FFN is under a $1. For those of you who said you would load up on it at this price, you better hurry. FFN will be over $10 in 2012. Of course, that'll be after they receive their NASDAQ delisting notice and implement a reverse stock split in a last ditch attempt to stay on NASDAQ. FFN shareholders are getting roasted with the other turkeys for Thanksgiving. __________________ Support American Heroes \| How Bad is My Batch? \| Vaccine Deaths & Adverse Reactions \| Free Speech Coalition \| <WARNING> ePayService / Guerra Capital, INC / MTACC payments \| Flirt4Free Fucks their Affiliates \| Don't do business with piece of shit Andy Alvarez from Webmaster Central / VR3000, who said: "If it was up to me, they would have shot all 30,000 of those country loving shitheads"

11-25-2011, 10:50 PM	#49
B.Barnato So Fucking Banned Industry Role: Join Date: Nov 2010 Posts: 3,618	this is my 50

11-26-2011, 01:05 AM	#50
AsianDivaGirlsWebDude Purveyor, Fine Asian Porn Industry Role: Join Date: Jul 2004 Location: San Francisco Bay Area Posts: 38,323	ADG __________________ Asian Diva Girls - Exclusive Photos and Videos Asian Diva Girls Affiliate Program (50% ccBill Revshare)