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- Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)

- - FFN sued - stock tanks even more (https://gfy.com/showthread.php?t=1046117)

Atticus

11-16-2011 05:16 PM

FFN sued - stock tanks even more

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 (Post 18564985)

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. :1orglaugh

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

http://chart.bigcharts.com/custom/ws...=FFN&rand=9652

Ouch! :Oh crap

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 (Post 18564985)

Why is everyone suing everyone?

sign of the times ?:2 cents:

ErectMedia

11-17-2011 04:54 AM

Quote:

Originally Posted by JohnRingo (Post 18565567)

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. :2 cents:

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 (Post 18567260)

anyone else not get paid last period?

Shit you're right ?????????????????????????????:Oh crap
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 (Post 18564985)

Why is everyone suing everyone?

Because everything's collapsing :1orglaugh

stocktrader23

11-17-2011 04:46 PM

Quote:

Originally Posted by EukerVoorn (Post 18567402)

Because everything's collapsing :1orglaugh

:1orglaugh

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 (Post 18567173)

$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 (Post 18565636)

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 :2 cents:

ilnjscb

11-18-2011 12:18 PM

Quote:

Originally Posted by AdultEUhost (Post 18567702)

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? :winkwink:

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 (Post 18564866)

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 (Post 18571063)

got paid

Congrats :pimp

SleazyDream

11-19-2011 01:43 PM

Quote:

Originally Posted by porno jew (Post 18567260)

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!!!!!!!!

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