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Originally Posted by AsianDivaGirlsWebDude
Friend Finder Network (FFN) aka Adult Friend Finder has made nice money for some people who still rah-rah it, while operating at a huge loss, and worse still they helped enable many companies which have hurt the adult biz over the past several years (think Zango, illegal tube sites, etc).
If I recall correctly there was also possibly some sort of murky connection between the people behind Penthouse and the people at iBill who cost numerous webmasters (including myself) collectively tens of millions of dollars.
The customer complaints against AFF and their associated companies are notorious on such consumer boards as the Rip-Off Report etc.
Here is an interesting story about the FFN IPO reported today in a Financial Journal, a sort of caveat emptor for anyone considering to invest in this very risky company:
ADG
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Stanton and Bell and his crew with Penthouse was in control at ibill went it was on the slide, you know when all of the money went *poof* and we all got left holding the bag.
After reading all of that you would have to be an idiot to buy stock in that company if it ever did manage to go public. The only people who would make money would be the shareholders who cash in their stock right away, while the prices plummit and as the company continues to sink the idiot public who bought stock would be the ones holding the bag.
Lets see, the company is drowning in debt, has a negative cash flow, needs to go public to get people to "buy in" so they can help pay off some creditors, just to have the company continue to lose money each month and go more into debt.....
Does the name Mark Bell and Stanton ring a bell, anyone remember how he got involved with ibill and what happened after that.... think people... this is a train wreck in the making, these guys are trying to get what they can out of it before it crashes, and where do you think that money is going to come from ????