![]() |
Porn Stock Goes Public
With sharp economic ups and downs, it is surprising that any company would
dare go public now. That is unless you happen to contain the only two money making Internet business models. Jade Entertainment Group (proposed symbol, NASDAQ OTCBB: JENT), announced it's self directed IPO of 500,000 shares of common stock at $3.00 per share recently, and expects to be publicly traded within 60 days. So why risk an IPO now? Simple. JENT's main web property www.askjade.com merges the much acclaimed pay-per-click search engine model (goto.com and Findwhat.com:FWHT) and the ever-profitable Adult Entertainment Industry (Private: PRVT and New Frontier Media: NOOF). Askjade.com is a mega adult search engine that allows owners of adult sites to bid on how much they will pay for a click-through to their site. This bid determines the placement within the engine. The higher the bid for particular keywords, the higher the bidder appears in the search results. With plans to expand into content distribution, and over 300 webmasters already signed up and funding accounts, The company shows great promise of generating major revenues by years end. Already generating enough revenue to cover technical overhead, the company projects short term revenue in the millions. "Going public allows us to quickly generate funds for marketing that will get us where we want to be sooner rather than later", states President Tim Schmidt, "Usually only webmasters and owners of adult sites get rich off of the industry, we are giving the investor a chance to take advantage. A two-year study by Alexa Research has revealed, Sex-related terms remain quite popular among Internet searches. "Sex" was the most popular term for which people searched. Of all the terms searched for online, 0.3289% -- or roughly 1 of every 300 terms -- were "sex." People search for "sex" more often than "games," "music," "travel," "jokes," "cars," "jobs," "weather" and "health" combined. "Porn" (along with "porno" and "pornography") was the fourth most popular search term. "Nude" (and "nudes"), "xxx," "Playboy" and "erotic stories" (and "erotica") were also among the top 20. Individual investors can download the preliminary prospectus at http://www.mailstimulator.com/ies/link.php?id=787 ( I thought it was an interesting column ) |
500,000 x $3 = $1.5 Million capitalization. That's a very small-cap stock and will not be on the normal Nasdaq exchange.
But I wish them the best. |
I actually considered their stock but I cant get past how poor their adult webmaster services are. They make all the right moves ( ie there partnerships with yahoo ) but actual dealings with their submission service is a nightmare. I cant help but to think they will decline sooner or later. It will be a good one to keep half an eye on.
|
whelp .. I guess we can kiss them goodbye.
hey jade, say hi to nuweb for us! http://bbs.gofuckyourself.net/board/wink.gif ------------------ -TaDoW I'm really not anyone important... |
Well.
My friend and long time partner in some other business deals. Actively takes companies public to small cap. Its guaranteed and it costs 90% less them ipos price of $2mil+ for expenses. But 1.5million is very small. |
Quote:
It is IPO's like this that give IPO's a bad name. Now if adult.com ever had an IPO... |
Hey lets shed some more light on our business by putting it on Nasdaq & let all the shithead YALE kid pukes get daddy's money in it.
wooooo hooooooooo! kegger at my place d00000000000d! |
| All times are GMT -7. The time now is 07:52 AM. |
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
©2000-, AI Media Network Inc123