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Originally Posted by Jesus H Christ
When it goes below .50 it will trigger an investigation by the SEC as it will drop. The Company also has a few pending stock fraud lawsuits as the lawyers try to recover stock investment.
They'll cave as the stock dropped from $11-.50 in less then a year or at BEST, file for bankruptcy protection. IMO someones head will have to roll because you can't lose that amount of stock value that quickly.
Due to the lack of enforcement regulations of the SEC past, and the firing of the heads at the SEC, they'll investigate this fully. Meaning, this type of loss was acceptable pre-2009, but post the SEC is looking to make examples out of companies in this situation.
It wouldn't surprise me in a year or two from now they start to go after the affiliates for revenue recovery if the SEC investigation and lawsuits turn up any type of fraud. Also, if you're an affiliate now would be the time to make sure all your taxes are in order because they'll probably be looking for any lose strings to recover money or those who'll roll.
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That will probably never happen. They claim the IPO failed and they never got the cash they needed to get back on top.
Probably ffn will end up being taken over by either a hedge fund to be taken apart or someone with deep pockets and a good strategy