Quote:
Originally Posted by will76
If you read their last two quarterly reports you would see that their pure operating costs (not lawsuits or one time costs) they are still going negative (revenue-expenses). You can't say "with out their debt" with out their debt, penthouse would have already gone bankrupt. The debt is what got them the revenue (AFF & Cams). And while they paid off a little of the debt, it would take them several years, if ever to pay it all down at this pace... Most of it comes due this year anyway. They also have more pending legal problems that they can not afford and future very large payments to make for a settlement they just made. Bankruptcy is the only thing in their future.
Marc Bell might not be an idiot, as much as I think he is and don't like the guy. But he did a terrible job with running ibill (at least for us customers). They ran ibill into the ground and you right the "insiders" do make off like bandits because I bet anything that Marc Bell and company still made out well from ibill where as the rest of us got fucked.
I wouldn't be surprised to see more of the same from them from FFN. You right about one thing those sharks have a skill I do not have that allows them to run and pillage corporations, do back door deals, have money *magically* disappear. If it's an art at screwing people to line their own pockets then he is a Picasso... but I still think he is an idiot ;)
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Marc Bell is an artist alright - a bullshit artist! 
Quote:
Originally Posted by InfoGuy
FFN hit a new closing low at a whopping 68 cents, down 25 cents for the week.
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Quote:
Originally Posted by fogfever
typical week for ffn.
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Actually, it was a worse week than usual for FFN, as their stock is nosediving into the ground:
Fuck FFN for supporting and underwriting thieving piracy sites for so many years through their advertising.
Personally, I would like to see Marc Bell, et al behind bars, but bankruptcy is a good start - although a weasel like Marc Bell will likely find a way to personally profit off of a Penthouse/AFF/FFN bankruptcy, since that is the kind of greedy sleazeball he is and has always been.
ADG