[RawAlex]

Actually Toby, it's what makes the whole thing seem a little suspect. The ratio of income to debt was essentially that of a near bankrupt company from the word go. They didn't even raise enough in the IPO to retire enough debt... so they are still holding notes and paying high interest rates, which is in turn hobbling the company and keeping it from having positive results.

Further they list domains as assets at incredibly inflated values, which creates a nearly artificial balance sheet. It's legal, but wow... it's certainly on the limits IMHO.

My guess is that unless someone comes charging in within the next 60 days, they delisting process will start and that will be that. I am guessing the company will bankrupt out, selling off the friend finder stuff to another company, and possibly killing off the magazine(s).