Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Steady stream of buys. Hopefully continues
imo pps will stabilize around 0.10, market cap too low, if commons get something not least of .10 in new shares terms,so I get the risk, today many shareholders are selling their stakes, we'll see in next days absent selling pressure what will happen to stock pps, regards
It is an agreement/plan not an intention and is not written on stone, it is written on paper. Of course there is a very slim chance commons will get something, however the risk is just not worth 5 cents per share.
ARCA bid support now. Should be interesting...
in at .072 out at .070 (Licking my battle wounds & wiping the sweat from my forehead) Lol!
Sure, we ALREADY are on the low bk price range, LOL
Strong rebound is overdue, remember this was a $10 stock just 2 years ago!
it's only their intention,not written on the stone,POR is far away and Judge must approve all details,so why are you wondering? I'm buying, unsecured creditors will be paid in full therefore I think that this may fly is net assets positive after distribution,because commons follow unsecured creditors...in some other similar cases,where there was a prepackaged bankruptcy agmt, and assets enough to repay all creditors, I saw old equity being cancelled in change of warrants or 5/10% new equity, this may be the case or not, but no one can be sure!
.0625 thank you. Huge bid is up!!!
Massive bid now
Looking good here. Bid in for a penny
Wonder why people are still buying this?
Holders of the 11.5% Non-Cash Pay Secured Notes due 2014 and 14% Cash Pay Secured Notes due 2013 will receive substantially all of the new common stock to be issued by reorganized FriendFinder Networks, plus cash consideration subject to certain conditions. The Company's current common stock will be extinguished once the agreement becomes effective and will no longer trade on the open market.
I don't think there's usually a reversal when the common stock is to be cancelled.
What was the catalyst for this huge drop
I think reversal starts now. .07
OMG. Greatest hook up site is traded now. FFnt
I'm holding all shares. Expecting a few whales to push this up as it start hitting scanners
Rebound in the works from 52 week low
From $1 to $.07 I think we will rebound really soon
Hopefully .15+ as people start to pick up the bottom
whats your short term target?
.08 I'm in for rebound play
The Q2'13 earnings were nothing great. However, as per the CEO, the performance was good, and focus on top brands and reduced investments in lower margin affiliate and advertising activity helped it increase EBITDA to $18.4 million. The live Interactive business continued yoy growth with an increase of 4.0% to $24.1 million. There was no material progress on the debt restructuring. It is anyway difficult to get good terms when the company is making losses after losses, and has eroded its net worth completely. The accumulated deficit of $331 million pretty much tells the tale. Even the top line has been declining consistently during the last few quarters. For Q2'13, the revenue of $69.0 million was significantly lower than the $81 million recorded in Q2'12. The net loss was $10.3 million compared to $10.5 million in the same quarter a year ago. This also indicates the deteriorating financial position. The interest payments were $27 million compared to $21 million, so a good EBITDA will not do the trick anymore. For the first half of 2013, the revenue was $131.5 million compared to $152 million in H1'12. The net loss increased slightly to $20.9 million compared to $20.5 million. The interest expense increased from $42 million to more than $53 during the same period. The debt has increased to $544.1 million from $504 million in Q1'13. Unless the company is able to make a substantial improvement in the leverage position, the situation may get worse. Social media space is getting more competitive, and FFNT will not find it easy to maintain competitive advantage if the financial position continues to deteriorate. This is a very dynamic field with emerging players working hard to increase the number of users. IZEA (IZEA), a company in the social media sponsorship / native advertising space, posted record Q2 numbers recently. For FriendFinder, the outlook may have worsened with the Q2'13 numbers. Q3'13 will be critical.
good posting, we will see
what I think is this company makes good $$$s and I'd like to see it in $$$s and back on major exchange :) but .. what I think is it's still getting pulled down cuz the move up didn't have much of a reason cept maybe a pump n sell off from ppl knowing it was going to shift markets
read this and what do you think, Monday boost or k.o.
http://biz.yahoo.com/e/130809/ffnt8-k.html
Taken and served. MEET beasting after hours could bode well for this one.
Was FUBAR Taken?
FFN delisted to OTCQB. New ticker FFNT:
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/07/2013&mkt_ctg=NON-OTCBB
I think ffn lift up to 1 $+ the next few weeks
it isn't running on anything. Fundamentals hadn't changed.
My scanner keeps picking this up, what's going on? Why is it running
Even in May 2012 before FB IPO, when volume surged those few days and PPS doubled the AH volume was also quite low.
What is the relation between USU and FFN ?
The Uranium sector is moving fast recently - HFT firms on it - I fail to see the correlation with FFN though.
I'm all out @.67. Waiting to see if it dips and I'll pick up again and hold overnight with a strong close.
On Friday FFN hi an early high of .63 and closed @ .51. I expect something similar today.
I was going to hold it for the week, just let it ride, but I've heard so many different stories about FFN it's not worth it.
It's never a good idea to put out price targets or compare to a stock in a completely different sector.
Volume a bit different this time around. Resolution with minority debt holders = continuation of up move.
No resolution = splat.
USU went from $2.60 to above $20 in 2 weeks and this has the potential to go $5 in 1-2 months. It is worth the risk to hold onto it for the long run. You never know. Atleast keep some for the long haul.
Hold! I think insider buy the shares and ffn bring decision Informationen soon.
Followers
|
17
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
512
|
Created
|
06/07/11
|
Type
|
Free
|
Moderators |
Last we'd heard, Playboy founder Hugh Hefner greeted the overtures of rival nudie mag Penthouse with the news that he wasn't about to sell his stock in the company "to Penthouse or anybody else." But Marc Bell, the CEO of Penthouse's corporate parent, FriendFinder Networks, doesn't seem to want to take no for an answer.
"We are still obviously very interested in acquiring Playboy, plus a few other assets to go with it," Bell told Fox Business Network's Liz Claman on Monday.
Bell said FriendFinder, which operates 30,000 social networking websites -- including several of the NSFW variety -- had recently raised $551 million and "rejiggered its balance sheet." He stopped short of saying whether the company would raise its previous $210 million bid for Playboy Enterprises, which Hefner made an offer to take private over the summer, but he wasn't shy about suggesting why FriendFinder and Playboy, which is bleeding millions, could be a good match.
"We have 124 million people coming to our websites every month," he said. "Imagine what we can do with the power of our brands, our business today, applied to any business we acquire."
Reports are that Facebook is preparing to file its S-1 with the SEC as early as this coming Wednesday, setting the stage for what would be one of the biggest IPOs. The company is estimated to raise as much as $10 billion, which would value the social networking giant at somewhere between $75 billion and $100 billion. Facebook is undoubtedly the social networking leader, and possibly one of the top three to five leading internet companies of our time.
Needless to say, the retail investor will be bombarded with information on how significant the company is in terms of how people do and will communicate, connect, and consume information using Facebook, and perhaps some will even make comparisons to Google Inc.'s (GOOG) meteoric six-fold rise since its IPO just over seven years ago in making their case for Facebook.
While Facebook's dominance of the social media category, indeed the sheer impossibility to even build an effective competition in the years ahead given that it has already captured 800 million subscribers, infusing Facebook into their lives with ever more innovative features, cannot be argued against, we believe the proper question isn't how dominant and successful Facebook is. Instead, the proper question, since we already know what we stated above as almost self-evident, especially smart (institutional) money that already has significant stakes in it, is will the IPO valuation leave any value to be captured by the retail investor?
This is especially an important question given how poorly most social media IPOs have fared recently. Some examples:
We tried to answer at least part of that question by comparing the proposed valuation of Facebook to its peers in the online social networking space, by comparing them on valuation variables such as price-to-sales ratio and price-over-adjusted EBITDA ratio. Besides the new social networking pure plays, we have also compared them to more established players such as Google Inc. that is a social media player via its YouTube and Google+ offerings; and Sina Corp. (SINA), a Chinese internet portal offering that is also a destination for the global Chinese communities. The following table gives an overview of that analysis:
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |