PRIVATE MEDIA GROUP INC Notice of Delisting - GoFuckYourself.com

ilnjscb · 06-26-2011, 10:13 AM

http://biz.yahoo.com/e/110617/prvt8-k.html

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

Still at 16m market cap, revenue seems ok.

AdultKing · 06-26-2011, 10:17 AM

I'm sure someone will be appointed to fill the vacancy.

Roald · 06-26-2011, 10:19 AM

What a mess.

Nathan · 06-26-2011, 01:23 PM

The on and off delisting has been going on for the last 12 months. Constantly something is an issue...

ilnjscb · 06-26-2011, 02:33 PM

Quote:

Originally Posted by Nathan

The on and off delisting has been going on for the last 12 months. Constantly something is an issue...

They lose 1m a quarter, have 4m in short term debt and have a price to sales ratio of less than 1/2. Now this:

http://www.vegasinc.com/news/2011/jun/22/nevada-judge-orders-new-board-election-adult-compa/

Tasty1 · 06-26-2011, 02:48 PM

Cyprus porn company faces €7.85m fine
By Patrick Dewhurst Published on June 24, 2011 +-Text size

A CYPRUS-based company is embroiled in a heated encounter with one of the world’s largest porn video producers after allegedly pirating and streaming 75 X-rated movies.

YoungTek Solutions Ltd faces a €7.85 million (USD $11.3 million) fine by a court in the American state of Iowa after allegedly streaming the Private Media Group content on their empflix.com and tnaflix.com websites.

Much like the popular youtube.com website, Youngtek’s empflix.com and tnaflix.com let their users upload and view all content for free, earning tens of millions of dollars each year, according to Private.

Despite incorporating anti-piracy software, both sites reportedly streamed some of Private’s bestsellers, including Guns and Rough Sex, House of Love, Ibiza Sex Party 5, Pornolympics and Lady of the Rings.

Asked about the court case, Barcelona based Private said: "The amount at stake is large, but the defendant is a commercial venture that operates one of the busiest online commercial properties in the world. Only a large award will serve to deter these arrogant defendants from future illegal action."

According to xbiz.com YoungTek responded by saying that it was not subject to Iowa state jurisdiction and that Private’s damages claim rang hollow after Private’s CEO Berth Milton said the added exposure on the Cypriot website was beneficial.

Youngtek said: “Despite the dramatic and overblown prose of [Private's] complaint, and the damage claims asserted in its motion for default judgment, [Private] does not even believe its own rhetoric.”

The statement continues: “Berth Milton, has recently stated in media interviews that the company believes that internet pirates are a benefit to [Private], providing them with free promotion”.

However, Private spokesman Jason Tucker said: "To say that we do not believe our own claim is just ridiculous. This is nothing more than an effort by thieves to delay the inevitable."

Private claims the two websites are big players in the online porn industry, with EmpFlix.com attracting 1.5 million surfers a day and TnAflix.com attracting three million, generating "annual revenue estimated in tens of millions of dollars".

Neither YoungTek nor Private were available for comment yesterday.

http://www.cyprus-mail.com/cyprus/cy...-fine/20110624

JFK · 06-26-2011, 03:03 PM

Quote:

Originally Posted by Roald

What a mess.

certainly seems like it

uno · 06-26-2011, 03:40 PM

Quote:

Originally Posted by Roald

What a mess.

Does your bro still work for them?

grumpy · 06-26-2011, 04:08 PM

stock went down the last 4 years, from 14 dollars to 0.76

http://finance.yahoo.com/echarts?s=P...urce=undefined

Tasty1 · 06-26-2011, 04:41 PM

Quote:

Originally Posted by grumpy

stock went down the last 4 years, from 14 dollars to 0.76

http://finance.yahoo.com/echarts?s=P...urce=undefined

Great for speculation. Maby buy some stocks and get some rumors.
I have heard that Manwin had talks with Private...

fris · 06-26-2011, 05:39 PM

well when you have a net income of negative 30 million that will happen

jay23 · 06-26-2011, 07:30 PM

They should bring back Ilan (Gamelink founder), he was doing some good changes to the benfit of shareholders.

famous · 06-26-2011, 09:57 PM

to get delisted they proabably have not filed something or becuase they fell below 1.00 for a certain time length.

Roald · 06-26-2011, 09:59 PM

Quote:

Originally Posted by uno

Does your bro still work for them?

nah,

NickB. · 06-26-2011, 10:00 PM

it honestly pisses me off that no one was able to make PRIVATE a big name online

great products, no online proper representation

maxxtro · 06-27-2011, 01:36 AM

Quote:

Originally Posted by grumpy

stock went down the last 4 years, from 14 dollars to 0.76

http://finance.yahoo.com/echarts?s=P...urce=undefined

Down for the past 11 years it seems. From $35 to $0,76

V_RocKs · 06-27-2011, 03:17 AM

What part of Private doesn't Nasdaq understand?

SZNY · 06-27-2011, 03:21 AM

What a waste

Tim · 06-27-2011, 04:22 AM

Quote:

Originally Posted by NickB. MediaRevenue

it honestly pisses me off that no one was able to make PRIVATE a big name online

great products, no online proper representation

Yes indeed, I've thought for many years the company deserves a much bigger presence online too.

maxxtro · 06-27-2011, 05:31 AM

Quote:

Originally Posted by Tim

Yes indeed, I've thought for many years the company deserves a much bigger presence online too.

Just Google "piratebay"

All kidding aside...they do have a lot of great products..

Never even thought about promoting them. They have a 70% revshare program, for god sake.. http://www.privatecash.com

TheDoc · 06-27-2011, 05:58 AM

They have some good content... with the right leadership in place they could really be a force, right leadership being not a corporate lackey but someone with some actual knowledge and insight for the future that can lead.

Tough person to come by in this Industry....

06-26-2011, 10:13 AM	#1
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,890	PRIVATE MEDIA GROUP INC Notice of Delisting http://biz.yahoo.com/e/110617/prvt8-k.html Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard Still at 16m market cap, revenue seems ok.

06-26-2011, 10:19 AM	#3
Roald SecretFriends.com Industry Role: Join Date: May 2001 Location: IMC Headquarters Posts: 27,896	What a mess. __________________ WE ARE BUYING PAY SITES! CONTACT ME ClubSweethearts \| ManUpFilms \| SinfulXXX \| HOT * AdultPrime * HOT Paying webmasters since 1996! Contact: r.riepen @ sansylgroup.com \| telegram: roaldr

06-26-2011, 01:23 PM	#4
Nathan Confirmed User Industry Role: Join Date: Jul 2003 Posts: 3,108	The on and off delisting has been going on for the last 12 months. Constantly something is an issue... __________________ "Think about it a little more and you'll agree with me, because you're smart and I'm right." - Charlie Munger

06-26-2011, 02:48 PM	#6
Tasty1 Bla bla blaa Industry Role: Join Date: Jan 2005 Location: South-America Posts: 9,514	Cyprus porn company faces €7.85m fine By Patrick Dewhurst Published on June 24, 2011 +-Text size A CYPRUS-based company is embroiled in a heated encounter with one of the world’s largest porn video producers after allegedly pirating and streaming 75 X-rated movies. YoungTek Solutions Ltd faces a €7.85 million (USD $11.3 million) fine by a court in the American state of Iowa after allegedly streaming the Private Media Group content on their empflix.com and tnaflix.com websites. Much like the popular youtube.com website, Youngtek’s empflix.com and tnaflix.com let their users upload and view all content for free, earning tens of millions of dollars each year, according to Private. Despite incorporating anti-piracy software, both sites reportedly streamed some of Private’s bestsellers, including Guns and Rough Sex, House of Love, Ibiza Sex Party 5, Pornolympics and Lady of the Rings. Asked about the court case, Barcelona based Private said: "The amount at stake is large, but the defendant is a commercial venture that operates one of the busiest online commercial properties in the world. Only a large award will serve to deter these arrogant defendants from future illegal action." According to xbiz.com YoungTek responded by saying that it was not subject to Iowa state jurisdiction and that Private’s damages claim rang hollow after Private’s CEO Berth Milton said the added exposure on the Cypriot website was beneficial. Youngtek said: “Despite the dramatic and overblown prose of [Private's] complaint, and the damage claims asserted in its motion for default judgment, [Private] does not even believe its own rhetoric.” The statement continues: “Berth Milton, has recently stated in media interviews that the company believes that internet pirates are a benefit to [Private], providing them with free promotion”. However, Private spokesman Jason Tucker said: "To say that we do not believe our own claim is just ridiculous. This is nothing more than an effort by thieves to delay the inevitable." Private claims the two websites are big players in the online porn industry, with EmpFlix.com attracting 1.5 million surfers a day and TnAflix.com attracting three million, generating "annual revenue estimated in tens of millions of dollars". Neither YoungTek nor Private were available for comment yesterday. http://www.cyprus-mail.com/cyprus/cy...-fine/20110624 __________________ everything is fake

06-26-2011, 04:08 PM	#9
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	stock went down the last 4 years, from 14 dollars to 0.76 http://finance.yahoo.com/echarts?s=P...urce=undefined __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

06-26-2011, 10:17 AM	#2
AdultKing Raise Your Weapon Industry Role: Join Date: Jun 2003 Location: Outback Australia Posts: 15,601	I'm sure someone will be appointed to fill the vacancy.

06-26-2011, 05:39 PM	#11
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,382	well when you have a net income of negative 30 million that will happen __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

06-26-2011, 07:30 PM	#12
jay23 Confirmed User Join Date: Jun 2003 Posts: 1,444	They should bring back Ilan (Gamelink founder), he was doing some good changes to the benfit of shareholders.

06-26-2011, 09:57 PM	#13
famous Confirmed User Join Date: May 2002 Posts: 674	to get delisted they proabably have not filed something or becuase they fell below 1.00 for a certain time length.

06-26-2011, 10:00 PM	#15
NickB. Confirmed User Industry Role: Join Date: Aug 2001 Posts: 8,855	it honestly pisses me off that no one was able to make PRIVATE a big name online great products, no online proper representation

06-27-2011, 03:17 AM	#17
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,422	What part of Private doesn't Nasdaq understand?

06-27-2011, 03:21 AM	#18
SZNY SZNY Industry Role: Join Date: May 2004 Location: Sexy Republic Posts: 2,800	What a waste __________________ Telegram: sandroanthonio

06-27-2011, 05:58 AM	#21
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	They have some good content... with the right leadership in place they could really be a force, right leadership being not a corporate lackey but someone with some actual knowledge and insight for the future that can lead. Tough person to come by in this Industry.... __________________ ~TheDoc - ICQ7765825 It's all disambiguation