Surprising that xbiz still hasn't picked up the story. Bad sign for them in terms of being a news site.

I would have to agree but I'm surprised it took this long. Their product seemed good enough but general talk at all of the trade shows was that they were doomed to fail.

This MONTH?

I get paid weekly. As a matter of fack, just checked my bank account and the payment was posted today. Several days earlier than usual.


They've never fucked me over before, and business restructuring is one of the things that just goes along with business. AFF has always gone above & beyond for me.

AFF paid you several days early? Your posts are always so credible. :1orglaugh

http://3.bp.blogspot.com/_4IqAMwAGn1...of-failure.jpg

Poor suckers that believed the BS that FFN was peddling, and invested their own money, which only kept the charade going. :2 cents:

FFN was never worth what Penthouse paid for it with their own worthless stock. The insiders (on both sides, Andrew Conru and Marc Bell), have simply milked FFN for all it is worth, and then they did the aw shucks shuffle, and will probably continue bleeding FFN dry until the lawsuits or a government investigation finally does the company in.

In the meantime, the leeches that make money off of the piracy which FFN has long been a symbol of will continue with their mindless cheerleading. :disgust

:stoned

ADG

Estoy disponible a contestarles sus preguntas
 

:pimp

good news! I've been going back and forth with them on a W9 and just got the email saying they now have it... then saw this :Oh crap

hopefully everything is good :thumbsup

after 14 years in adult, just passed the $50 mark! :GFYBand

cant wait for my first check!

yo que quiero taco bell

:thumbsup:thumbsup

"liabilities of $500 million to $1 billion and assets less than $10 million".

Please email me the manual "how to spend a billion dollar from just $10 million assets", thanks, I wished to do the same.

:1orglaugh :1orglaugh :1orglaugh

fiddy false alarms

http://markets.money.cnn.com/cgi-bin...c71e516cda7b8b

Its time to fill in SEC complaints :2 cents:

Saying goodbye to my $120

It'll be a pretty good thing for Andrew and Lars to be back

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Just another glyph on the wall showing me that SOME sites with great traffic have can't even turn a profit.

Good riddance to those shady motherfuckers.

The only place they should be is back behind bars... :upsidedow :winkwink:

http://sheenalawfirm.com/iStock_000000295102XSmall.jpg

You do realize that AFF was not profitable in the last years before Andrew and Lars sold it for a bunch of pretty much worthless Penthouse stock, and that Andrew and Lars were complicit with much of the illegal tube activity before letting themselves be bought out in a convoluted desperate scheme to bail out both companies (which they new would probably end up this way, especially after the FFN stock tanked soon after hitting the market).

Interesting to watch this, and to see if something similar happens to Fabian/Manwin when they can't pay their creditors.

:stoned

ADG

Anyone know what the chances of surviving a chapter 11 bankruptcy are?

What AdultKing said.

Not to be the contrarian... but... it could also have been a situation where no profits were shown because of very high overhead, nod nod nudge nudge wink wink, and the Penthouse deal represented an opportunity to back into a public company, create some buzz buzz buzz, rake in the public's cash, put the cash back out in,... yes... huge tremendous serious... overhead... then BK, ditch the mook public investors, take back control and get ready to do it all over again.

Like that has never happened before...

I will ask my bro because he went to Stanford but I am pretty sure Stanford has an MBA program that specializes in that.

Suffice to say, they aren't going anywhere and affiliates are still going to get paid.

Well said bro

look boyfucker, if said a payment hit my account today, then a payment hit my fucking account today

http://24.media.tumblr.com/f4f4be6b8...9z8o1_1280.gif

So does this mean Andrew and Lars run Penthouse now? Whoa, that may be interesting to watch. :ticking

More likely, a merger with Manwin of some sort (major investment/integration). :uhoh

http://rlv.zcache.com/great_prognost..._8byvr_324.jpg

Then Fabian can pretend he is both Hef and Guccione as his empire goes down in flames and he is thrown behind bars again:

http://a57.foxnews.com/global.fncsta...0_guccione.jpg

The above is satire. Everyone knows that Fabian is no Guccione, let alone a Hef. :playboy

Hope everyone catches the "spin!" :thumbsup (Gooch double entendre)

As a voting stockholder, I vote for Lars as Gooch: :pimp

http://www.metroactive.com/papers/cr...s/mp3-0028.jpg

Always good drama on GFY! :winkwink:

:stoned

ADG

You are correct sir... and an obvious most perfect descriptive statement regarding an obvious coming event of all times.

FriendFinder Networks Inc (OTCQB:FFNT)
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0.053
Data as of Sep 17 -0.277 / -83.94%
Today?s Change 0.05
Today|||52-Week Range
1.00 -91.45%
Year-to-Date

Stock Lost 83% of its value today to close at 5 cents a share, yes, that is correct 5 cents

no shit Shaekspeare:winkwink:

Did this not already happen before?

Too bad. AFF is a solid brand. In the past few years they should have toned down their ad spend & leveraged their brand by creating a superior service.

Way too much competition in this market and they needed more than just a familiar brand to stay on top of their game.

It actually seems that a Manwin buyout is the only thing that makes sense right now, but they've already got their own brands and might not be worth a multi-million dollar acquisition to them. On top of that, they're already spread out too thin as it is.

Might be a good opportunity for someone who knows what they're doing in this arena to step up their game and take advantage of their distress.

I dont see manwin buying them beacause -
1.Value of ff plus their debts are toobig
2.Manwin tried dating before with aff whitelabel sexincity and they failed

Why ?

It has been spelt out to you what is actually happening here.

a) The founders sold the company to some smart arses who did not have the money to actually buy the company, but the smart arses thought they could leverage the profits of the company to pay for the sale ($400m)

b) The loan notes have paid 14% interest to the founders of the company ever since the "sale".

c) The smart arses were not as smart as they thought they were, and the company never made enough money to pay down the debt.

d) Because the trading profits were not able to keep pace with debt repayment the debts spiraled out of control. Balance sheet meltdown. The debts became so large the the founders were not even getting their 14% anymore.

e) Foreclosure.

f) Business as usual for AFF and it's affiliates. (the smart ones) The dating and cams business generates nearly $300m a year and returns a trading profit of around $20m. The only problem for the new owners of the company has been that 14% of the $400m purchase price is $56m in interest payments.

g) The founders have lived like kings on the 14% and other funds raised by IPOs etc, and now the founders have taken the very profitable asset back from the smart arses.

h) I wish I was as smart as the founders of AFF.

:thumbsup:thumbsup:thumbsup

Smart boy.

And I cant even get capital one to give me a credit increase on my credit card :1orglaugh

I agree with these fine gentlemen :thumbsup :thumbsup

Looks like the original crew did well. Will now get to turn a profit again.

the question is: can Lars be motivated to start working again? ;)