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03-14-2012 | #1 |
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NOOF is in Play
NOOF is in Play........now this gets interesting.....
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03-14-2012 | #2 |
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Re: NOOF is in Play
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03-14-2012 | #3 |
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Re: NOOF is in Play
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03-15-2012 | #4 |
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Re: NOOF is in Play
Let's hope the stock goes back up to $9/share or better.
Unlikely, though since the takeover bid is $1.35/share. Never can tell...might be some shareholder lawsuits....what do you think?
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03-17-2012 | #5 |
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Re: NOOF is in Play
Well, they have received an offer, but they are also getting some serious legal noise:
http://www.thestreet.com/story/11452...f-limited.html Any idea who Richard Stride is?
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03-18-2012 | #6 | |
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Re: NOOF is in Play
Quote:
Guess we'll see, huh?
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03-26-2012 | #7 |
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Re: NOOF is in Play
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03-26-2012 | #8 |
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Re: NOOF is in Play
The numbers are interesting, plenty of cash on hand, but the company appears to be having negative results - which isn't a good sign, considering where the majority of their money is made.
Manwin on the other hand would almost certainly love to reverse merger themselves into the company, becoming public without hardly any of the effort. It should be noted that FFN had a big run up not that long ago, which looked a whole lot like speculators playing a game. I think perhaps the price over there went up too fast for a takeover. There are too many people still holding shares from the get go, and too many legal issues I think for anyone to seriously consider action at FFN. NOOF looks like a much better reverse merger candidate.
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03-26-2012 | #9 | |
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Re: NOOF is in Play
Quote:
You'alls friends over at AEBN are probably keeping a close eye on this one too..... BOULDER, Colo., March 23, 2012 /PRNewswire/ — New Frontier Media, Inc. (NasdaqGS: NOOF), a leading provider of transactional television services and distributor of general motion picture entertainment, confirmed that it has received an unsolicited, non-binding, conditional acquisition proposal from Manwin Holding SARL, a provider of adult entertainment, through online, television and mobile distribution platforms, indicating its interest in pursuing the acquisition of all of the outstanding shares of New Frontier Media for $1.50 per share in cash, subject to due diligence and other conditions. As previously announced, earlier this month, New Frontier Media also received an unsolicited, non-binding, conditional acquisition proposal from Longkloof Limited, an investment holding company, indicating its interest in pursuing the acquisition of all of the outstanding shares of New Frontier Media not owned by Longkloof for $1.35 per share in cash, subject to due diligence and other conditions. The Board of Directors of New Frontier Media has formed a Special Committee of independent directors which will carefully review, with its financial and legal advisors, the acquisition proposals received from Manwin and Longkloof, as well as any other acquisition proposal that may be received by the Company, and then determine the appropriate response to these proposals. The Special Committee is being assisted in its consideration of these acquisition proposals by its legal advisor, Blank Rome LLP, and is currently in the process of selecting a financial advisor. New Frontier Media is being advised by Holland & Hart LLP. New Frontier Media advises shareholders that they need not take any action at this time in response to either acquisition proposal pending review by New Frontier's Special Committee. Maybe I can talk'em into $20 cash, and using the company to finance the rest? :-)
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03-30-2012 | #10 | |
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Re: NOOF is in Play
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03-30-2012 | #11 |
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Re: NOOF is in Play
The only good thing about FFN is that they are paying down the debt (aka, paying Lars and Andrew's note, I gather). But the gap between top line revenue and bottom line results is huge, and shows perhaps a company that is a little lacking in forward thinking management.
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03-31-2012 | #12 | |
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Re: NOOF is in Play
Quote:
Penthouse should have gone out of business a LONG time again. Way before it even bought ibill and looted them to try to keep Penthouse a float. Everything Penthouse touches turns to shit and Marc Bell has been the person in charge during those times, glad to see him exit for good. Penthouse hasn't been profitable in many years but yet they keep acquiring companies like ibill, FFN and sinking them. |
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04-01-2012 | #13 |
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Re: NOOF is in Play
Wow.....That's not the history I remember, from so short a time ago. All of those companies were in trouble before Penthouse latched onto them and drug them the rest of the way.....
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04-11-2012 | #14 |
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Re: NOOF is in Play
Uh oh. looks like someone filed a class action lawsuit, on behalf of the shareholders, against NOOF.
Now, what do you think of that?
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04-12-2012 | #15 | |
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Re: NOOF is in Play
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All of which companies were in trouble before Penthouse bought them? AFF and ibill? If you think that then your memory fails you. Ibill was sold to InterCept, who for what ever reason claimed it didn't realize that ibill did mostly adult transactions so they dumped it. It might not have been run great but it was still running and very profitable when Penthouse bought it in March 2004. While Penthouse was in charge they lost their ability to process Visa and by October 2004 they failed to secure another bank to do the processing for visa. Penthouse fucked up ibill big time. AFF has always been a profitable business and still is. What is killing FFN now is all of the debt they paid to buy AFF and that Penthouse loses so much money. On it's own AFF still profits, and with some inteligent people running it and keeping them out of retarded lawsuits like (facebookofsex) AFF would be even more profitable. Penthouse was in trouble a long time ago, they filed bankruptcy in 2003. Magizine sales have dropped like a rock the last 10+ years. Penthouse would be a foot note in history now if they haven't been leaching off of profitable companies like ibill and AFF to keep them a float. Sounds like this time they will finally sink and wont have any other suckers to latch onto. Think about it, they bought Ibill from InterCept which was ready to give it away once their investors found out it was processing all porn. Andrew wanted to get rid of AFF terribly bad and counldn't find anyone so Penthouse was his only option. In both cases the original owner just wanted out, not because the company wasn't doing well but because they didn't want to be involved with adult any more. In walks Penthouse to plunder.... I doubt Penthouse will get so lucky again. |
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04-13-2012 | #16 | |
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Re: NOOF is in Play
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We probably will never know the whole story. Sitting around speculating on it, or trying to alter history, won't change the facts.
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04-13-2012 | #17 | |
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Re: NOOF is in Play
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Taking out the large note to pay Andrew and Lars off was just not good for business, and appears to have pretty seriously impaired the ability for this company to make money. Further, much of the current debt comes due in September next year, an amount of money that the company is unlikely to have. A credit crunch seems to be in the works.
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05-19-2012 | #18 |
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Re: NOOF is in Play
Hey-
Let's talk about stocks? Anybody else buy FB?
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