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Old 12-04-2012   #4
RawAlex
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Default Re: So LFP bought out NOOF and...

I actually think the public company was a sort of end game, in that it gives them the final tools to turn all the money over in time.

Basically, they can work it out so the porn sites are incredibly profitable, pumping up the value of the public company and slowly selling their shares off. That makes them way more money than any other scheme out there.

However, LFP pretty much seems to have dealt with that issue, as NOOF was one of the only games in town worth having that is public, and also makes LFP into a much more direct Manwin competitor.

Oh, some people might mention FFN as a possible takeover, but I think that they have too much debt in the company for it to be a realistic takeover option. It would only work if the buyer didn't have to assume the debt, which is highly unlikely.

FFN under 70 cents still, has been for a while. I will not be shocked to see them get another "pending delisting" notice in the early new year. Losing $1.21 a share with shares only valued at 70 cents pretty much tells you the real value (not much, it seems)
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