Penthouse Publisher Bankruptcy: FriendFinder Networks Files For Chapter 11 - Page 2 - GoFuckYourself.com

brassmonkey · 09-17-2013, 01:24 PM

Quote:

Originally Posted by gamelinkjeff

yo que quiero taco bell

fiddy false alarms

CAHEK · 09-17-2013, 01:36 PM

Its time to fill in SEC complaints

Just Alex · 09-17-2013, 02:24 PM

Saying goodbye to my $120

RichC · 09-17-2013, 04:30 PM

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

marcop · 09-17-2013, 04:30 PM

Quote:

Originally Posted by AdultKing

This is the most obvious outcome since obvious outcomes were invented.

pornsprite · 09-17-2013, 04:55 PM

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

Buff · 09-17-2013, 05:03 PM

Quote:

Originally Posted by MrDeiz

it was about to happen...
Manwin to the rescue?..

http://www.huffingtonpost.com/2013/0...n_3938927.html

Good riddance to those shady motherfuckers.

AsianDivaGirlsWebDude · 09-17-2013, 05:17 PM

Quote:

Originally Posted by RichC

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

The only place they should be is back behind bars...

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.

ADG

DBS.US · 09-17-2013, 05:21 PM

Quote:

Originally Posted by adultmobile

"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.

http://www.cnbc.com/id/42767515

mopek1 · 09-17-2013, 05:34 PM

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

AmeliaG · 09-17-2013, 05:35 PM

Quote:

Originally Posted by AdultKing

This is the most obvious outcome since obvious outcomes were invented.

What AdultKing said.

Far-L · 09-17-2013, 05:54 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude

The only place they should be is back behind bars...

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.

ADG

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.

madeofmoney · 09-17-2013, 06:01 PM

Quote:

Originally Posted by Niktamer

I'm not removing any links, I always been paid and i'm positive We will still be paid.

Well said bro

Seth Manson · 09-17-2013, 07:01 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude

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

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

DBS.US · 09-17-2013, 07:03 PM

brassmonkey · 09-17-2013, 07:15 PM

Quote:

Originally Posted by Seth Manson

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

AsianDivaGirlsWebDude · 09-17-2013, 07:48 PM

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

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

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

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

Hope everyone catches the "spin!"

(Gooch double entendre)

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

Always good drama on GFY!

ADG

ajrocks · 09-17-2013, 08:07 PM

Quote:

Originally Posted by AdultKing

This is the most obvious outcome since obvious outcomes were invented.

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

Porno Dan · 09-17-2013, 10:31 PM

FriendFinder Networks Inc (OTCQB:FFNT)
Add to Watch List
Set Alert
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

JFK · 09-17-2013, 10:56 PM

Quote:

Originally Posted by AdultKing

This is the most obvious outcome since obvious outcomes were invented.

no shit Shaekspeare

SmutGiant · 09-17-2013, 11:10 PM

Did this not already happen before?

Seth Manson · 09-17-2013, 11:15 PM

Quote:

Originally Posted by SmutGiant

Did this not already happen before?

SmutGiant · 09-18-2013, 12:18 AM

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.

Klen · 09-18-2013, 12:44 AM

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

NewNick · 09-18-2013, 01:59 AM

Quote:

Originally Posted by The Porn Nerd

Well, there goes my promoting AdultFriendFinder then.

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.

NewNick · 09-18-2013, 02:03 AM

Quote:

Originally Posted by Niktamer

I'm not removing any links, I always been paid and i'm positive We will still be paid.

Smart boy.

Pornflix · 09-18-2013, 02:44 AM

Quote:

Originally Posted by adultmobile

"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.

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

fuzebox · 09-18-2013, 03:34 AM

Quote:

Originally Posted by slapass

AFF afiliates already received an email explaining this. We should be fine.

Quote:

Originally Posted by Slappin Fish

This is pretty good news for affiliates believe it or not.

Quote:

Originally Posted by slavdogg

. This would ultimately return control of the company to founders of Various Inc., Andrew Conru and Lars Mapstead

Quote:

Originally Posted by RichC

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

Quote:

Originally Posted by Seth Manson

We arent worried in the least bit and will continue building traffic

Quote:

Originally Posted by Niktamer

I'm not removing any links, I always been paid and i'm positive We will still be paid.

Quote:

Originally Posted by Far-L

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

I agree with these fine gentlemen

Phoenix · 09-18-2013, 03:50 AM

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

MaDalton · 09-18-2013, 05:37 AM

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

Tjeezers · 09-18-2013, 06:21 AM

Surfs up for Lars

adultmobile · 09-18-2013, 06:32 AM

Quote:

Originally Posted by AdultKing

This is the most obvious outcome since obvious outcomes were invented.

This is the most quoted statement since quoted statements were invented.

AsianDivaGirlsWebDude · 09-18-2013, 09:01 AM

BusinessWeek: Bell Gets the Boot

Quote:

When Sex Doesn't Sell: FriendFinder Networks Files for Bankruptcy

Sometimes the sex business is rough and leaves an investor really sore?or wiped out, as in the Chapter 11 case of FriendFinder Networks (FFNTQ), which owns Penthouse magazine and a string of adult entertainment websites.

The company is best known for AdultFriendFinder.com, which enables people to arrange meetings for sex. The more than 40 sites in the brand network include BigChurch.com, a site for Christian singles; Amigos.com, a site for Latinos; and LesbianPersonals.com.

The company blames its debt?more than $544 million, most of it assumed from its $400 million purchase of Various, a network of dating sites, in 2007?for the financial woes. After buying Various, it merged its online properties with its Penthouse Media Group holdings to form FriendFinder Networks which, all told, had about 750,000 subscribers at the end of 2012.

But the company?s biggest problem may be just the obvious one: Who needs to pay $30 or more per month to scout for sex when the Internet is rife with free options, from Craigslist to various mobile apps?

FriendFinder lost $10.3 million in its last quarter, while new members and revenue per user both declined for its adult websites from the same period of 2012. It was delisted last month from the Nasdaq.

FriendFinder says some of the decline is a result of focusing its efforts on flagship brands and developing a more reliable, long-term customer base that won?t ?churn? as much. For the people still looking for quick and easy NSA hookups, the site is rapidly moving to a mobile platform, with roughly 80 percent of its traffic migrating from the desktop.

The company?s reorganization plan, filed on Sept. 17, envisions eliminating $300 million of debt, and returning control of most of FriendFinder?s business to Various co-founders Andrew Conru and Lars Mapstead, who sold the online assets to the Penthouse owners.

?It can?t live with the capital structure the way it is and it has to be fixed,? Chief Executive Officer Anthony Previte says of FriendFinder. ?This leaves a very bright future for the company.?

The company went public in 2011, expecting to collect nearly $500 million because of the healthy revenues it was reporting from online subscriptions, video content sales, and various Penthouse licensing deals. The initial public offering raised less than $50 million, which Previte attributes to a prudish caution on the part of investors. ?There?s incredible headline risk in this industry,? Previte says, citing both public opinion and the threat of regulatory intervention.

As for Penthouse, the storied magazine built in the 1970s and ?80s by Bob Guccione, the brand has developed a video business and expanded into European broadcasting. It also remains available as a print magazine, but it?s not entirely clear why, given the brutal economics of printing and distribution. ?Why?? Previte said. ?That?s a really good question.?

The magazine is likely to morph into ?a marketing tool not built for the masses? but rather printed only as part of Penthouse licensing deals for nightclubs and other properties, he predicted. None of those plans are immediate: Penthouse on paper will stick around, for now.

An insider rumor - Jeremy Frommer may be interested in purchasing the Penthouse brand:

Quote:

Penthouse magazine may have a new sugar daddy waiting in the wings.
The fate of the 48-year-old smut rag is in question after parent FriendFinder Networks filed for Chapter 11 yesterday, sources told The Post.

As the reorganized FriendFinder scrambles for profits with a portfolio of social-networking sites, it?s doubtful whether creditors who are taking control of the company are committed to keeping the iconic porn publication alive, insiders said.

?Like all magazines, it?s struggling,? said one source briefed on the situation.
But the glossy girlie mag founded by Bob Guccione, whose monthly circulation has sagged to less than 200,000 from 5 million at its peak, is being circled by New Jersey-born entrepreneur Jeremy Frommer, according to insiders.

Last year, Frommer acquired a trove of memorabilia owned by the late Guchacione that included nude photos of Madonna and a picture of former California Gov. Arnold Schwarzenegger engaged in a sex act.

Reached Tuesday, Frommer declined to comment. A spokesman for FriendFinder also declined to comment.

Sources said Frommer, a former Wall Street trader whose investments include New York night clubs and film projects, ?doesn?t want to see them close the magazine,? said a source close to the situation.

That?s despite the fact that Penthouse has been losing money for years as its male readers have been lured away in droves by free Internet porn sites.

The Penthouse brand as a whole, acquired out of a previous stint in bankruptcy court a decade ago by tech entrepreneur Marc Bell, is ?very profitable,? fueled in particular by TV broadcasts of dirty videos in Europe, according to a source close to FriendFinder.

Indeed, Penthouse filed for bankruptcy in 2002 mainly because of debts racked up by the late Guccione, as he pursued non-smut-related business ventures including small fusion reactors and a failed casino project in Atlantic City.

Bell, who tried unsuccessfully in 2010 to buy Playboy for $210 million, is surrendering control of FriendFinder in a prepackaged bankruptcy deal.

With Bob Guccione dead (died in 2010 at 79), and Hugh Hefner showing his advanced age at 87, it's amazing that Larry Flynt is the porn kingpin from the golden age that is still standing (rolling), at age 70.

Well, one positive note is that porn kingpins apparently seem to live for a long time...

ADG

fogfever · 09-18-2013, 09:51 AM

With Bob Guccione dead (died in 2010 at 79), and Hugh Hefner showing his advanced age at 87, it's amazing that Larry Flynt is the porn kingpin from the golden age that is still standing (rolling), at age 70.

Well, one positive note is that porn kingpins apparently seem to live for a long time...

ADG[/QUOTE]

I wonder how much that wheelchair costs... looks like it is made out of gold.

fuzebox · 09-18-2013, 10:21 AM

Quote:

Originally Posted by MaDalton

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

Lars is the hardest working retired guy there is

Everyone else should take note.

Hazlewood · 09-18-2013, 10:44 AM

Quote:

Originally Posted by Slappin Fish

This is pretty good news for affiliates believe it or not.

Penthouse took on too much debt acquiring Various Inc.

Business creators/ owners like Andrew Conru don't usually sell the company they created when the deal is financed by so much debt as it can kill the company, at best it completely starves it of funds that should go towards development, staff, affiliates. But this was pre-2008, he probably thought Penthouse could pull it off.

Now that the original founders are back in control of the company the bond payments will be mostly off the books and AFF profitable again.

Oh and before people like Will76 laugh they should look at the conditions of those notes that were issued. The founders received massive payoffs for the past 6 years and now get AFF back.

well said...This is a positive step for them and a necessary one

bigevback · 09-18-2013, 02:22 PM

hey aff and my friend sean,
chapter 11 is a great strategic move. you guys will be much stronger once you get through this hiccup. its really great to see how wonderfully loyal your affiliates are man. hammerall and i are rooting for you bro! one love.

AsianDivaGirlsWebDude · 09-18-2013, 02:48 PM

Quote:

Originally Posted by fogfever

Quote:

With Bob Guccione dead (died in 2010 at 79), and Hugh Hefner showing his advanced age at 87, it's amazing that Larry Flynt is the porn kingpin from the golden age that is still standing (rolling), at age 70.

Well, one positive note is that porn kingpins apparently seem to live for a long time...

ADG

I wonder how much that wheelchair costs... looks like it is made out of gold.

From Celebrity Net Worth:

Quote:

Larry Flynt, born November 1, 1942 is the owner of Larry Flynt Publications, producing adult videos and magazines, most notably Hustler. Flynt has a net worth of $400 million. LFP has an annual profit of $300 million.

Larry Flynt began his career as an entrepreneur in 1965 when he took a $1,800 from his savings and bought his mother's Dayton, OH bar, Keewee. He soon started making $1000 per week, and used the profits to buy two other bars. In 1968 he opened his first Hustler Club, featuring naked hostesses who danced. He then opened Hustler Clubs in other major Ohio cities, and each soon grossed between $260,000 and $520,000 per year.

In 1972 Flynt created the first Hustler newsletter to promote his clubs, increasing it from four to sixteen pages in less than a year. With the 1973 oil crisis Flynt had to decide on refinancing his clubs or declaring bankruptcy. Instead, he decided to turn Hustler Newsletter into an adult magazine, paying the start-up costs by deferring payment of sales taxes on his clubs.

In July 1974, the first issue of Hustler was published. By August of 1975 the magazine was selling more than 1 million copies per month. In 1978, white supremacist Joseph Paul Franklin attempted to assassinate Larry Flynt over an interracial photo shoot in Hustler.

Flynt is now paralyzed from the waist down and uses an $80,000 gold-plated wheelchair. In 2000, Flynt opened the Hustler Casino in Los Angeles, and Hustler Video film studio bought VCA Pictures in 2003.

Rolling in style...

Word is that Lady Gaga did not spend nearly as much on her gold-plated wheelchair:

Handicap chic...

ADG

bigevback · 09-18-2013, 03:14 PM

i know my boy seanchristian will pull it out and be even stronger moving forward. and do i even need to say how brilliant andrewconru is? no i think not. they'll be fine, dont count them out and dont change your links both andrew and seanc are solid dudes as solid as you can get.
one love.

pornmasta · 09-18-2013, 03:35 PM

Quote:

Originally Posted by AdultKing

This is the most obvious outcome since obvious outcomes were invented.

- manwin is gonna buy them back
- affiliates will be shaved
- money is in motion

philguy · 09-18-2013, 03:41 PM

let me break this down for the $50 jockey queens of GFY; Conru, Lars, and maybe a silent partner here and there were the primary noteholders-translation, this wasn't a cash buyout. Penthouse agreed to pay for the company over time.

What's happened is that 300 million in debt they say the company has restructured, is what's owed to Conru and Lars and isn't being paid. They want to be paid...ergo-pursuant to the original acquisition agreement, they're taking the company back in recompense for the 300 million they aren't getting. That's the restructuring of the debt. It's called chapter 11 at this point because it's publicly traded and there are secondary interests that have to be removed. Conru and Lars win. End of story.

That's all this is.

Moral...don't bet what you don't have with lawyers and the SEC involved.

Scat in the Hat · 09-18-2013, 07:57 PM

Quote:

Originally Posted by KlenTelaris

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

Not to mention they already have Fling under their belt after acquiring RK

nwm · 09-21-2013, 08:06 AM

I trust these guys. Next payment is what it's all about.

Mutt · 09-21-2013, 08:33 AM

Quote:

Originally Posted by philguy

let me break this down for the $50 jockey queens of GFY; Conru, Lars, and maybe a silent partner here and there were the primary noteholders-translation, this wasn't a cash buyout. Penthouse agreed to pay for the company over time.

What's happened is that 300 million in debt they say the company has restructured, is what's owed to Conru and Lars and isn't being paid. They want to be paid...ergo-pursuant to the original acquisition agreement, they're taking the company back in recompense for the 300 million they aren't getting. That's the restructuring of the debt. It's called chapter 11 at this point because it's publicly traded and there are secondary interests that have to be removed. Conru and Lars win. End of story.

That's all this is.

Moral...don't bet what you don't have with lawyers and the SEC involved.

They win financially but most people who sell a company are glad they got out and move on to other things, they'd much rather have had Penthouse sending them their fat checks until the payments were paid in full. Now they are forced to manage a big operation again. For all we know they were happily collecting seashells on a beach or getting their PhD's in astrophysics.

HAPPYPEEKERS · 09-21-2013, 09:44 AM

I spoke with Andrew and Lars yesterday.. Andrew is going to get things set back up the way he wants it and then start running it again.. which is excellent because conversions ROCKED when they ran it.. and Lars will be consulting while he drives his kick ass cars and surfs, surfs, surfs :-)

My payment was early this week as well. After 12 or so years I have never missed a payment. I think Lars and Andrew will Rock it Again with so many new ideas!

I can not wait!

Beyond Legendary!

HAPPYPEEKERS · 09-21-2013, 09:49 AM

Quote:

Originally Posted by Phoenix

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

I agree.. I wish Kathleen, Andrea and a few others were back there. Smart people with rocking ideas. I miss the money making ideas they always threw our way!

adultmobile · 09-21-2013, 09:54 AM

Quote:

Originally Posted by philguy

Conru, Lars, were the primary noteholders [] 300 million in debt [] is what's owed to Conru and Lars and isn't being paid. [] they're taking the company back in recompense for the 300 million they aren't getting.

= Conru+Lars+few others wished to get $300 million cash in exchange of the AFF/CAMS company, with the help of random guys who invested in IPO stock. But it did not worked, so they will get the AFF/CAMS company back, instead of the $300 million. This needs Chapter 11, then AFF/CAMS will have no debt and continue to operate. Still Conru+Lars+few others may continue to wish to get $$ in exchange of the company, i.e. to sell it, but I guess for less than $300 million this time.

AsianDivaGirlsWebDude · 09-21-2013, 12:44 PM

Quote:

Originally Posted by philguy

Conru, Lars, and maybe a silent partner here and there were the primary noteholders - translation, this wasn't a cash buyout. Penthouse agreed to pay for the company over time.

What's happened is that 300 million in debt they say the company has restructured, is what's owed to Conru and Lars and isn't being paid. They want to be paid...ergo - pursuant to the original acquisition agreement, they're taking the company back in recompense for the 300 million they aren't getting.

That's the restructuring of the debt. It's called chapter 11 at this point because it's publicly traded and there are secondary interests that have to be removed.

ADG

09-17-2013, 01:36 PM	#52
CAHEK C.C.C.P. Industry Role: Join Date: Aug 2003 Location: Novorossiya Posts: 6,951	Its time to fill in SEC complaints __________________ Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

09-17-2013, 02:24 PM	#53
Just Alex Liv Benson to You, Bitch Industry Role: Join Date: Aug 2007 Location: Maryland and WV Posts: 6,060	Saying goodbye to my $120 __________________

09-17-2013, 04:30 PM	#54
RichC Confirmed User Industry Role: Join Date: Jul 2001 Location: by ocean Posts: 368	It'll be a pretty good thing for Andrew and Lars to be back __________________ I brought the flutes this time

09-17-2013, 04:55 PM	#56
pornsprite Confirmed User Industry Role: Join Date: Dec 2009 Location: Texas Posts: 1,643	Just another glyph on the wall showing me that SOME sites with great traffic have can't even turn a profit. __________________ Go Fuck Yourself

09-17-2013, 07:03 PM	#65
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,831	__________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight

09-17-2013, 05:34 PM	#60
mopek1 Confirmed User Industry Role: Join Date: Jun 2004 Location: Canada Posts: 3,095	Anyone know what the chances of surviving a chapter 11 bankruptcy are?

09-17-2013, 07:48 PM	#67
AsianDivaGirlsWebDude Purveyor, Fine Asian Porn Industry Role: Join Date: Jul 2004 Location: San Francisco Bay Area Posts: 38,323	So does this mean Andrew and Lars run Penthouse now? Whoa, that may be interesting to watch. More likely, a merger with Manwin of some sort (major investment/integration). Then Fabian can pretend he is both Hef and Guccione as his empire goes down in flames and he is thrown behind bars again: The above is satire. Everyone knows that Fabian is no Guccione, let alone a Hef. Hope everyone catches the "spin!" (Gooch double entendre) As a voting stockholder, I vote for Lars as Gooch: Always good drama on GFY! ADG __________________ Asian Diva Girls - Exclusive Photos and Videos Asian Diva Girls Affiliate Program (50% ccBill Revshare)

09-17-2013, 10:31 PM	#69
Porno Dan Court Jester Industry Role: Join Date: May 2003 Location: Budapest Posts: 6,342	FriendFinder Networks Inc (OTCQB:FFNT) Add to Watch List Set Alert 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 __________________ Reality TV Star, AVN Hall of Fame, Five-Time XBIZ Winner 2021 XBIZ Europe Winner Best Director Site Promote the sites where members get paid to get laid by their favorite porn stars

09-17-2013, 11:10 PM	#71
SmutGiant Confirmed User Join Date: Oct 2003 Posts: 4,894	Did this not already happen before?

09-18-2013, 12:18 AM	#73
SmutGiant Confirmed User Join Date: Oct 2003 Posts: 4,894	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. Last edited by SmutGiant; 09-18-2013 at 12:21 AM..

09-18-2013, 12:44 AM	#74
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	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

09-18-2013, 03:50 AM	#79
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	Looks like the original crew did well. Will now get to turn a profit again. __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

09-18-2013, 05:37 AM	#80
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,828	the question is: can Lars be motivated to start working again? ;) __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

09-18-2013, 06:21 AM	#81
Tjeezers Webmaster Industry Role: Join Date: Mar 2007 Location: BP4L - NL/RO Posts: 16,567	Surfs up for Lars __________________ Enroll in the SWAG Affiliate Asian Live Cam Program and get 9 free quality linkbacks from my network! Wanna see how old school I am? Look at this! All my Cam Review Sites are here!

09-18-2013, 09:51 AM	#84
fogfever Confirmed User Join Date: Apr 2007 Posts: 1,245	With Bob Guccione dead (died in 2010 at 79), and Hugh Hefner showing his advanced age at 87, it's amazing that Larry Flynt is the porn kingpin from the golden age that is still standing (rolling), at age 70. Well, one positive note is that porn kingpins apparently seem to live for a long time... ADG[/QUOTE] I wonder how much that wheelchair costs... looks like it is made out of gold.

09-18-2013, 02:22 PM	#87
bigevback Registered User Industry Role: Join Date: Jul 2011 Location: toronto Posts: 30	hey aff and my friend sean, chapter 11 is a great strategic move. you guys will be much stronger once you get through this hiccup. its really great to see how wonderfully loyal your affiliates are man. hammerall and i are rooting for you bro! one love.

09-18-2013, 03:14 PM	#89
bigevback Registered User Industry Role: Join Date: Jul 2011 Location: toronto Posts: 30	i know my boy seanchristian will pull it out and be even stronger moving forward. and do i even need to say how brilliant andrewconru is? no i think not. they'll be fine, dont count them out and dont change your links both andrew and seanc are solid dudes as solid as you can get. one love. __________________ Evan Back \| VP Sales \| AshleyMadison.com \| [email protected] \| CELL 647-992-AVID (2843) Last edited by bigevback; 09-18-2013 at 03:15 PM..

09-18-2013, 03:41 PM	#91
philguy Confirmed User Join Date: Feb 2007 Posts: 125	let me break this down for the $50 jockey queens of GFY; Conru, Lars, and maybe a silent partner here and there were the primary noteholders-translation, this wasn't a cash buyout. Penthouse agreed to pay for the company over time. What's happened is that 300 million in debt they say the company has restructured, is what's owed to Conru and Lars and isn't being paid. They want to be paid...ergo-pursuant to the original acquisition agreement, they're taking the company back in recompense for the 300 million they aren't getting. That's the restructuring of the debt. It's called chapter 11 at this point because it's publicly traded and there are secondary interests that have to be removed. Conru and Lars win. End of story. That's all this is. Moral...don't bet what you don't have with lawyers and the SEC involved.

09-21-2013, 08:06 AM	#93
nwm Confirmed User Join Date: Jun 2007 Posts: 41	I trust these guys. Next payment is what it's all about. __________________ High Conversions + 75% + recurring + bonus = $ BANK $ Last edited by nwm; 09-21-2013 at 08:07 AM..

09-21-2013, 09:44 AM	#95
HAPPYPEEKERS Confirmed User Industry Role: Join Date: Feb 2004 Location: Margaritaville Posts: 7,562	I spoke with Andrew and Lars yesterday.. Andrew is going to get things set back up the way he wants it and then start running it again.. which is excellent because conversions ROCKED when they ran it.. and Lars will be consulting while he drives his kick ass cars and surfs, surfs, surfs :-) My payment was early this week as well. After 12 or so years I have never missed a payment. I think Lars and Andrew will Rock it Again with so many new ideas! I can not wait! Beyond Legendary! __________________ Please Read All Of My Posts In A Sarcastic Tone So You Get The Full Effect!! HappyPeekers - April