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Grump · 01-15-2006

Some portion of the assets of Penthouse had been sold to a public company. I do not know if the deal went through or not, and also remember reading about problems with the listing status of the acquiring public company.

Rick's Cabaret may still be public, they were in the past, and Mustang Ranch tried to go public back int he 80s, but the deal was pulled due to the Mustang owner's IRS problems at the time.

Being public is a great way to raise funding, many sources will not consider investing in a private company. That said, the demands on time and finances can be significant in running a public company and maintaining all the required reports and standards.

01-15-2006	#22
Grump Buys wine at Publix! Join Date: Jun 2004 Posts: 170	Re: NY Tim inside please . Some portion of the assets of Penthouse had been sold to a public company. I do not know if the deal went through or not, and also remember reading about problems with the listing status of the acquiring public company. Rick's Cabaret may still be public, they were in the past, and Mustang Ranch tried to go public back int he 80s, but the deal was pulled due to the Mustang owner's IRS problems at the time. Being public is a great way to raise funding, many sources will not consider investing in a private company. That said, the demands on time and finances can be significant in running a public company and maintaining all the required reports and standards.