AFF IPO Trouble

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  • ajrocks
    Confirmed User
    • Nov 2004
    • 4526
    #1

    AFF IPO Trouble

    The Securities Law Firm of Menzer & Hill, P.A. Announces Investigation of FriendFinder Network, Inc., Ladenburg Thalman Financial Services and Imperial Capital LLC

    The investigation relates to the disclosures made to investors related to the risks involved with investing in the IPO of FriendFinder Network, Inc., (NasdaqGM:FFN - News) including the fact that the company has a debt level of approximately $450 million.

    Since its IPO in May 2010, at $10.00 a share, the stock price has plummeted, dropping to approximately $4.00 a share or 60 percent.

    Investors who purchased shares in FriendFinder Network, Inc. are urged to explore their legal rights and options. The attorneys at the Securities Law Firm of Menzer & Hill, P.A. are dedicated to pursuing claims on behalf of investors who have suffered investment losses.


    http://finance.yahoo.com/news/The-Se....html?x=0&.v=1
    SEO Strategy - Digital Strategy - Cannabis Lead Generation

    Skype aj.durden1
    Tags: None
    • DamianJ
      Too lazy to set a custom title
      • Jul 2006
      • 15808
      #2

        Comment

        • Jman
          Already an AI veteran
          • Sep 2003
          • 22834
          #3
          Will Manwin step in for a bailout???
          Orkestrait NSFW AI
          FantasyXXX.AI
          Email: [email protected] TG: @jman1216

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            • iamtam
              So Fucking Banned
              • Feb 2010
              • 1211
              #4
              they only had to read the previous failed ipos to know how much debt the company had, and how much of that debt is air debt, created to pay off lars and such.

                Comment

                • u-Bob
                  there's no $$$ in porn
                  • Jul 2005
                  • 33063
                  #5
                  the question is who didn't see this one coming?

                    Comment

                    • Dwreck
                      Confirmed User
                      • Nov 2002
                      • 7362
                      #6
                      I don't have a strong financial background can you explain this to me in English
                      Derek *Dwreck* Smout
                      Program Manager
                      Icq 165976549 Skype derekthomassmout

                        Comment

                        • iamtam
                          So Fucking Banned
                          • Feb 2010
                          • 1211
                          #7
                          Originally posted by Dwreck
                          I don't have a strong financial background can you explain this to me in English
                          to create ffn, they company agreed to pay lars and andrew a certain large sum of money that the company didnt have to start with. so they are in debt, with the debt instruments held by andrew and lars. the idea was they when the company goes ipo, they get paid off and also make some more money on the stock in the new company that they own.

                          they tries to ipo a few times, the first was big enough to cover all of the debt. the most recent one that actually went through was for a small percentage of the debt. if ffn actually has to pay the debt service for the remaining amounts and pay the actually debt, they will be more than broke. they would appear to have more debt than their entire yearly income.

                          this comes from a company that has spent years losing money on average for every customer they took on, paying out more to obtain new customers than the total those customers would pay over their lifetime. ffn has continued to rack up losses as a result of their over generous affiliate programs and marketing costs related to obtaining new customers.

                            Comment

                            • porno jew
                              Too lazy to set a custom title
                              • Nov 2006
                              • 10166
                              #8
                              see you in costa rica.

                                Comment

                                • Thomas007
                                  Confirmed User
                                  • Aug 2001
                                  • 920
                                  #9
                                  Interesting read.


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                                    Comment

                                    • seeandsee
                                      Check SIG!
                                      • Mar 2006
                                      • 50945
                                      #10
                                      who really expected a share rise with such debt?
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                                        Comment

                                        • TRe$yNFuL
                                          Confirmed User
                                          • Aug 2008
                                          • 386
                                          #11
                                          Damn, feel bad for those investors!

                                          Skype: tresynful

                                            Comment

                                            • RycEric
                                              Confirmed User
                                              • Apr 2009
                                              • 1313
                                              #12
                                              Originally posted by Dwreck
                                              I don't have a strong financial background can you explain this to me in English
                                              It also potentially means investors shorting the stock made out big and perhaps some people want to know if it could've possibly been manipulated. Since this is still adult, I wonder who some of the "playas" were if there was manipulation

                                                Comment

                                                • Lamis
                                                  So Fucking Banned
                                                  • Sep 2007
                                                  • 961
                                                  #13
                                                  This guy above me is full of shit.

                                                  you have no fucking idea about financials, TEXAN REPUBLICAN FANATIC. Better go get a clue, ignorant analfabet.

                                                  never ever do business with this dude.. never ever.
                                                  Last edited by Lamis; 07-05-2011, 09:34 AM.

                                                    Comment

                                                    • Internet User
                                                      So Fucking Banned
                                                      • May 2011
                                                      • 544
                                                      #14
                                                      Originally posted by porno jew
                                                      see you in costa rica.
                                                      How big is the event? Any idea how many people coming?

                                                        Comment

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