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-   -   PRIVATE MEDIA GROUP INC Notice of Delisting (https://gfy.com/showthread.php?t=1028023)

ilnjscb 06-26-2011 10:13 AM

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.

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 (Post 18241495)
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 (Post 18241142)
What a mess.

certainly seems like it :2 cents:

uno 06-26-2011 03:40 PM

Quote:

Originally Posted by Roald (Post 18241142)
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 (Post 18241717)
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 (Post 18241680)
Does your bro still work for them?

nah, :thumbsup

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 (Post 18241717)
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 (Post 18242122)
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 (Post 18242445)
Yes indeed, I've thought for many years the company deserves a much bigger presence online too.

Just Google "piratebay" :winkwink:

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....


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