FFN STOCK (AFF) Crashes to 1.47 a share + A Securities Class Action Lawsuit filed.

[will76]

What is killing them is penthouse. Marc Bell is fucking idiot. They latch onto companies (like ibill) and run them into the ground. Penthouse's debt and the debt to buy AFF is way too much for them to support. On its own AFF and CAMS are profitable. But if they wouldn;t have done the acquisition penthouse would be long gone by now, so it's all about job preservation for the top execs and god knows how much is walking out the back door.

The stock should be delisted soon. Facebook lawsuit will sink them soon enough. Company has already been reorganized into several parts, will make it easier for them to liquidate. Affiliates will get screwed soon enough, but they will deserve it for being affiliates in the first place.

I know that Mega closing down took a nice little hit as that was one of AFF's bigger traffic sources. Their days are numbered...