Penthouse Stock
 

I told you guys the other day that PHSL is a buy. The news today was great for Penthouse. Pet Capital could have just taken over the company but now they are on the same side as penthouse. People just do not understand that pet Capital is now playing ball with penthouse and it would not surprise me if the stock had a little jump up tomorrow.

When your debtor is on your side that can only be good news.

PHSL won't perform.

great news, and yet the stock dropped 7% today?

Their debtor's stock fell 60% as well. This is not going to go well on the market.

tits don't sell on wall street

The stock only went down today because people just did not understand the press release. People thought that Pet Capital just took over the company. IBD does not have any voting rights so it looked like Pet Capital just took over the entire company.

I am sure after the close today more people read the press release and you will see some buying tomorrow.

IBD was not their debtor. Pet Capital was the debtor and they sold 48% to IBD. IBD went down because of the piss poor job they did when they submitted the IBILL sale to the AMEX. It made them look like a 5 year old child submitted the papers to AMEX. Very bad Mgmt.

bondholders can take over a company, don't need voting rights

They sold 48% of non-voting stock from General Media - the publisher of Penthouse. Pet Capital then owns holdings in General Media, and the debt is being swapped out for new common stock once emerged from Chapter 11.

This stock will not perform. They will just run thru the money they are receiving and continue to drop.

IBD screwed up the transaction. They dropped the ball on about 13 different items. That was just plain stupid. Hire people who have done this before. This transaction will close in January but it should be closing tomorrow along with the deal that was announced today.

IBD has proven they have very bad Mgmt.

Penthouse has their shit together and that is why the stock will take off and I consider this stock a huge buy. Great news eventually pays off.

Penthouse has piss poor future guidance and aren't ramping up, nor do they have the cash to ramp up, for tomorrows battles. They will not perform and will be gobbled up on a fire sale.

I totally disagree with you. Pet Capital was in a great position and they chose to play ball with Penthouse, not put them out of business and screw the current shareholders. They very easily could have done that. if they thought that was the better deal for them they would have started from scratch and got rid of everyone including the current stock holders.

Time will tell who is correct.

And I totally disagree with you - Pet Capital could either close the doors, or structure if for an emerge and sell for some of their money back. They will sell (fire sale) to regain some of the money, as are they receiving part of their investment back by selling 48% of the shares.

They could have been gobbled up but now they are in a great position. Do you think the people at Pet Capital are that stupid?

They're getting money back from this sale, they'll get even more back from the fire sale - there's no stupidity involved. A fire sale at this moment wouldn't pay off as large.

Tell me what they got from IBD. They sold 48% to a company that does not have any cash. Their stock price went from $6.00 to $1.26.

I find it hard to believe that Penthouse the magazine will work some magical feat and regain past glory. The press release is interesting. Here's Gary Spaniak, the president of Care Concepts "The firm partners [Mark Bell] have substantial experience in publishing". Oh really? Do tell, what experience do they have in the Sophisticate magazine (thats adult magazine for the laymen) publishing business? Granted, some mistakes were made in the way Penthouse was marketed in the past years, but what makes Mark Bell believe he can regain "past glory"?

The adult magazine business has dramatically changed in the past 8 years since the onslaught of the internet. What was once the mainstream sex market has diverged into Men's Lifestyle (i.e. Maxim, FHM) and the hardcore market (i.e. Hustler and Penthouse). The middle of the road (simulated sex and glamour shoots solo girl) was basically chewed up by the internet. If Bell believes he can take this product to the soft side and compete in the men's lifestyle market, well good luck. That niche is very crowded these days. Just ask RB who is running Razor how much competition there is. The cheese in this market has moved and publishing, while still very lucrative, is a market of diminishing returns, especially if you are not niche. When the market for magazines went to the shitter in the late 90s, the mainstream sex mags were the first to drop. Niche publishers also felt the pain but to a lesser degree. At this point, most people in the industry (who do have decades of experience in the Sophisticate publishing market, unlike Mark Bell) believe Bell is naive to believe he can remake Penthouse and get even a shadow of the circulation the magazine once enjoyed.

Your pumping this stock without a basis. Provide something of substance or take it elsewhere.

or the stock could become worthless if they recycle equity

Great synopsis. I think you're spot on.

All this stock talk reminds me too well of my igallery days.

Win @ SinCity - How your NOOF stock doing these days ?
:glugglug :glugglug

Keep in touch Win!



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greta post! thank you for sharing!

anyone who buys this stock needs mental help

i said it was total crap on a thread here about 4-6 weeks ago

and i was right... it's DOWN from when the last moron got all excited about it at like 16 cents or whatever

the smart money bought google at $110 four weeks ago and flipped it today for $17/share profit, or about 15%

Maybe even lower than $110 :Graucho

Didn't you have the handle "IHateLawyers" yesterday?

Have you heard of the term "pump and dump" ...?
It's illegal and half this board is the authorities.

GO FUCK YOUR SELF !!!

exactly, but instead these dipshits like to be "big ballers" cuz they can say they own 70,000 shares of Penthouse or whatever

the total market cap volume on PH trading today was about $68,000 ROTF

yet i bet you they don't even know what the nasdaq pink sheets are

Anything to do with Penthouse is..... a liability.

It has been the same for almost 25 years now - just a steady decline.

because people dont have enough understanding about the press release, the stock dropped down

I will pass on this one, I pitched Cisco today after loosing.

I never Take losses in the stock market till today.

The day I invest in the proliferation of adult related business is well..

Maybe when hell freezes over.

No offense.

ok, so the debtor is on their side, even so, all it is.. is one less thing to worry about.. now that they have the money - they have to do something with it, and with the way penthouse has been run, and its failure to adapt to the internet, i just dont see that happening

Penthouse did in fact adapt to the internet. In 2002 they had a average monthly net for their internet division of over $600,000 per month. In 2003 that number declined to about $500,000 per month. Despite not having an affiliate program, I would say that doing those kinds of numbers they adapted quite well. Who knows if they are doing that well anymore, since they went to the Pink Sheets, they havent reported income through their SEC filings. I do know that the guy who came to these boards, Mike, is no longer with the company and he held the top spot in the division. I wonder where he went to. Perhaps he is still around lurking.

-0.03 (25.93%)


ouch :(

pink sheets are pretty when you short

they didn't adapt very well considering the state of their business today

Pump and Dump ?

first IHateLawyers ...then another handle ..

now sincity ...

ALL OF YOUR NEW HANDLES HAVE LESS THEN 50 posts ...

but you keep going to entice the newbies .

"Pump and Dump" is illegal for a reason.

You're being tracked by the authorities on this board which represents at least 50% of members,

Did I say the keyword

Securities And Exchange Commission ?

nope not yet

yes, assuming you shorted before it got bumped there

Hey you stupid fuck....No, this is the only on line screen name I have. Who wrote anything about pump and dump. Learn how to read you fucking asshole.

Now if you would like to try to make me go fuck myself lets do it asshole.

Sounds like a pump to me

To all of you assholes that think you know everything but you do not know shit.

IBILL will straighten out all of their problems and with all of the press releases related to PHSL lately the stock will start to go up. This IBILL situation is the only thing holding the stock price dowm.

Now some of you want to see IBILL go out of business. You are a stupid fuck if you think that way. If IBILL were to go out of business the other companies would raise their prices and cost you more money. Competion is good for business.

So watch what happens when IBILL has everything in place and then watch the stock go up and when it does you can all think of sincity and go fuck yourselves.

The way Penthouse HAS BEEN RUN. It has new management.

up .02 today

Up .035. The stock made up the lose from yesterday plus .05.

Most of you know this industry and if you think IBILL is not going to pull through you are a fool or you just have a vendetta against them but their is a ton of money to be made in PHSL.

Correction. They made up the loss from yesterday plus .005, not .05.