Wow who would have guessed AFF needs a bail out

[crockett]

It seems using stolen content for fake profiles and advertising on sites that steal content only gets you so far these days.

Looks like AFF is going IPO trying to get some money for all their debit.. Looks like the end of 2008 is bringing us some decent news after all. Looks like the scammers of this industry are finally starting to pay the piper.

AFF can't afford to pay back their debit so they are going IPO trying to sucker in investors. This and Master Cards new regulations might start turning a brighter light on Adult for 2009. Maybe some of the shit stains on this industry will slowly be pushed out the door.

http://idea.sec.gov/Archives/edgar/d...390/i10357.htm

Our ability to continue as a going concern is dependent on our ability to raise additional capital, including from this offering. As of September 30, 2008, our balance sheet had approximately $43.3 million in cash and restricted cash and $420.1 million in short-term debt, net of unamortized discount, $411.0 million of which had been reclassified from long-term debt, due to our failure to comply with certain covenants and restrictions in the agreements governing our 2005 Notes and 2006 Notes and our subsidiary’s First Lien Senior Secured Notes, Second Lien Subordinated Secured Notes and Subordinated Convertible Notes and for which waivers had not been obtained. We have unsuccessfully sought to obtain waivers from all of our noteholders, except such waivers that have been obtained from Messrs. Bell and Staton in connection with the Subordinated Term Loan Notes, for our failure to comply with certain covenants and restrictions contained in these agreements. If we are unable to cure such defaults and/or obtain waivers, we could trigger the acceleration of payment provisions in such agreements which would require us to immediately repay up to approximately $466.0 million to our noteholders. We do not currently have sufficient cash to repay this indebtedness if our debt is accelerated and if the noteholders instituted foreclosure proceedings against our assets, the proceeds of the assets could be insufficient to repay such indebtedness in full. Under these circumstances, we may be unable to continue operating as a going concern.

what ever will all the tube and torrent sites do if AFF can't bail themselves out with this IPO... oh wait they still have Brazzers...

[Head Boy]

and I thought you were going to say they had registered as a bank.

[FrozenJag]

I guess thats what happens also when you pay what? 130 pps? I dont see how anyone could make money like that shady practices or not!

[crockett]

I guess thats what happens also when you pay what? 130 pps? I dont see how anyone could make money like that shady practices or not!

You really don't think they were crediting you for every sale "and" paying out $130 PPS do you?

It also says in there that the average customer spends $20. So if that means $20 for life then there is no way they are paying $130 with out shaving. If it's $20/month there is no way they are paying $130 with out shaving. Considering that they claim 40% of their sales come from affiliates and who knows how much is spent on advertising to make the other 60%.

[AmateurFlix]

who the fuck would buy an IPO from a company going public merely to avoid bankruptcy?

[benito]

and who will invest in a company that do bussiness with pirate sites?

[crockett]

who the fuck would buy an IPO from a company going public merely to avoid bankruptcy?

There is a sucker born every min it seems.. Who knows they could be a penny stock and AFF would fit in well with the average penny stock. They will sell a bunch of shares then do a reverse split, stealing all the investers money. Happens every day in penny land.


You just know that is coming with this stock.

[rowan]

Does "(dollars in thousands except share data)" mean that $38,622 as written is actually referring to $38,622,000? That would explain why some of the amounts look "small"...

[Head Boy]

who the fuck would buy an IPO from a company going public merely to avoid bankruptcy?

Maybe they will give a free membership so that shareholders can get fucked.

[DamageX]

Buyt it and short the fuck out of it, while drumming up negative press about their business practices.

[The Beast]

lol god i feel stupid.. but who is aff?? and brazzers are scamming too?? fuckin a. can we start something like cheaterhell for affiliates... and what ever happend to cheaterhell. it looks like the site is totaly closed down. i would love to learn howto find ou these things myself so i could contribute more to this board. i just dont know shit about finding scammers, except for hardlink trades lol which is quite easy.. and ive heard howto find bots from at3. but thats it.

[The Beast]

its one reason i have been reading almost every post i see in full. trying to figure this shit out..

[Pornonada]

and what ever happend to cheaterhell. it looks like the site is totaly closed down.

Cheaterhell isn't closed. You can contact "Spence" if you are interested for a membership there for a view bucks per month. The owner never provided ftp access to me (in the past) or him (spence) now so that's the reason why there is currently no frontpage, but as i said, it's working.

[FrozenJag]

its one reason i have been reading almost every post i see in full. trying to figure this shit out..

Over time if you continue to keep up with the news on the board, then you will know about everything that is mentioned here.

Its when you disapear for long amounts of time that you miss things.

[FrozenJag]

You really don't think they were crediting you for every sale "and" paying out $130 PPS do you?

It also says in there that the average customer spends $20. So if that means $20 for life then there is no way they are paying $130 with out shaving. If it's $20/month there is no way they are paying $130 with out shaving. Considering that they claim 40% of their sales come from affiliates and who knows how much is spent on advertising to make the other 60%.

Very good point. Your most probably right. If your wrong then no wonder they are on the verge of bankruptcy lol.

[crockett]

here is a nice write up on it...

FriendFinder not likely to find pals on Wall Street | Digital Media - CNET News

the last line is a killer..

another here...

Adult FriendFinder Files To Go Public

[Spence]

How long till we see people crying because AFF hasn't paid them?
If the fact that AFF has supported the scum of the internet for this long didn't prompt affiliates to drop their links, maybe affiliates thinking they won't get paid to support the scum of the internet might motivate them to finally drop them.

[The Beast]

ahhh, adult freind finder. fuck i hate there program, i signed up a long ass time ago but didnt ever really promote them. lol thanks for not saying what the program was when i asked lol

[Will76]

and who will invest in a company that do bussiness with pirate sites?

Most people don't have business ethics in our industry. When you get into the stockmarket type of people they could give a shit less if AFF advertises on sites with stolen content or uses spyware. They just want to buy and sell and make money.

[Will76]

here is a nice write up on it...

FriendFinder not likely to find pals on Wall Street | Digital Media - CNET News

the last line is a killer..

another here...

Adult FriendFinder Files To Go Public

I hope the whole IPO thing turns out to be a big disaster for them and the company goes bankrupt and gets liquidated. But that is just my wishfull thinking. Penthouse is a sinking ship, AFF has run it's course. Almost everyone knows about it and if they were going to signup they already did in the past. Other dating sites are eating up the market share. The only property in that company that has potential to go up in value is cams.com but it wouldn't be enough to off set all of the other bullshit. Funny, Lars wanted more money and to merge with the big boys. I bet in the long run he would have done 10x better if he would have kept his reputation and company on his own and just kept expanding it. But what do i know, i am just guessing here off of limited info.