Wow it keeps getting worse for FFN, lawsuit over securities violation

[Shap]

I just read the following. Doesn't sound good

http://pr-usa.net/index.php?option=c...9450&Itemid=32

http://www.marketwatch.com/story/law...inc-2011-12-01

[arock10]

this another one or the existing one

[Barefootsies]

Shap76????

[SomeCreep]

I think they're going to have to file for bankruptcy protection pretty soon. In which case, their stock would go to zero. Last I read, they were over 500 million in debt and losing millions every quarter.

[Brad Mitchell]

500 million in debt? Wow.

Brad

[JFK]

500 million in debt? Wow.

Brad

Brad, you can use your Black Amex and clear that up in no time

[ilnjscb]

What is this about 14 separate divisions? Jesus Mary Joseph Shmuely and Achmed look at the numbers. This is like the Titanic; Everyone keeps wanting to give advice but no one will listen. What a tragedy. It would take 12 months to turn this around. I guess the owners of the debt will wind up owning the assets and that must be what they want. I do have to say, though, there are 7 bil people, so they are claiming the same penetration as Facebook? 1 in every 15 people on earth is a member? I doubt it.

http://www.smartmoney.com/invest/sto...?mg=com-sec-sm

"Finally, the most provocative site also happens to have the least provocative stock. FriendFinder Networks (FFN: 0.68, 0.03, 4.62%), which owns the Penthouse brand and runs a bevy of sites with a more explicit focus, claims over 484 million members worldwide and 180,000 new members each day.

Despite those statistics, income for FriendFinder has dropped 32% year-over-year, leading the company to recently announce a reorganization into 14 separate divisions. A bevy of lawsuits relating to its initial public offering hasn't helped either. With shares now trading ominously under $1, this is a trade you don't want ask out."

[fris]

i really dont get how they continue to pay out with the issues they are having

[pornguy]

Kind of shit happened when you live the life but dont have the income.

[VikingMan]

How long till Nasdaq delists them? FFN is @ .70 with average daily volume of 92,000

[Just Alex]

whats getting worse for me is them switching my per click program to some other crap and keeping the $.

[you-big-dummy]

Kind of shit happened when you live the life but dont have the income.

What are you talking about? ` They're looking at securities violations! ` You can bet manipulative and deceptive are a part of it. Insider trading, market manipulation, fraudulent financial statements. `They're looking at extensive litigation which will result in a substantial fine.

[CyberHustler]

whats getting worse for me is them switching my per click program to some other crap and keeping the $.

Just create another account and start over 'till they switch it... then do it again.

[GonZo]

Lars says he was forced ! ! !

[AsianDivaGirlsWebDude]

December 11 2011

Losers (% price change)

FriendFinder Networks (FFN): The shares closed at $0.6809, down $0.24, or 26.09% on the week. The stock is $9.32 or 93.2% lower than IPO price of $10.00.

Perhaps creating all of the divisions is simply a way to prep FFN for a fire sale.

ADG