Wow it keeps getting worse for FFN, lawsuit over securities violation
 

I just read the following. Doesn't sound good

http://pr-usa.net/index.php?option=c...50&I temid=32

http://www.marketwatch.com/story/law...inc-2011-12-01

this another one or the existing one

Shap76????

:helpme

I think they're going to have to file for bankruptcy protection pretty soon. In which case, their stock would go to zero. Last I read, they were over 500 million in debt and losing millions every quarter.

500 million in debt? Wow.

Brad

Brad, you can use your Black Amex and clear that up in no time:upsidedow

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."

i really dont get how they continue to pay out with the issues they are having

Kind of shit happened when you live the life but dont have the income.

How long till Nasdaq delists them? FFN is @ .70 with average daily volume of 92,000 :1orglaugh

whats getting worse for me is them switching my per click program to some other crap and keeping the $.

What are you talking about? ` They're looking at securities violations! ` You can bet manipulative and deceptive are a part of it. Insider trading, market manipulation, fraudulent financial statements. `They're looking at extensive litigation which will result in a substantial fine.

Lars says he was forced ! ! !

http://1.bp.blogspot.com/_qFiyjwMlP0...rket_crash.jpg

:helpme

Perhaps creating all of the divisions is simply a way to prep FFN for a fire sale.

ADG