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I wanted to take this opportunity to share with you some news regarding the trading of FriendFinder Networks common stock. Beginning today, our publicly traded shares began trading on the OTCQB Marketplace under the new symbol "FFNT." This was primarily the result of our stock trading below the $1.00 minimum threshold required to remain on NASDAQ.
We understand there may be some concerns as a result of this change, but want to assure you that the trading of our stock has no bearing on the Company's current operations, strong cash position or our valued relationship with our marketing affiliates. We continue to honor our obligations to our affiliates and other constituencies and nothing in this announcement alters our commitments toward our affiliates. FriendFinder Networks remains a leading social networking and technology company, and that hasn't changed.
We continue to work on a refinancing plan that will strengthen the Company's balance sheet but in the meantime, it is business as usual for FriendFinder Networks and we remain committed to our affiliates and customers.
We appreciate your continued hard work and support and will communicate any additional changes as they might arise.
We also encourage you to contact your affiliate manager should you have additional questions.
Anthony Previte,
CEO
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There was a time when I'd cheer them going but now I'd be pretty sad to see them go. Hopefully, somehow, they can turn it around. I will say that I've never had a missed payment from them.