The FFN pump is working again

[RawAlex]

As I had mentioned before, it was almost worth buying this one:

http://data.cnbc.com/quotes/FFN

Sure enough, within weeks of being moved to the delisting pile (the 6 month warning expires in August, I gather), they are suddenly, magically, remarkably, and without reason seeing a huge run up. 1000% increase in volume, and the shares more than double in price - still short of the magic $1 target, but certainly pushing the value over the minimum 15 million.

This has happened before... the stock may climb out of the hole to about $1.10-$1.20 just long enough to satisfy the regulation, and then sink back into the much. The 500 million or so in debt isn't going away any time soon, so there is little to say this one will get better.

[RawAlex]

Ahh, it was the last, last gasp....

SUNNYVALE, Calif., Aug. 7, 2013 /PRNewswire/ -- FriendFinder Networks Inc. (NasdaqGM: FFN) (the "Company"), a leading internet and technology company providing services to the rapidly expanding markets of social networking and web-based video sharing, today announced that its common stock will begin trading on the OTCQB Marketplace under the new ticker symbol "FFNT" commencing tomorrow, August 8, 2013. Investors will be able to view real-time best bid and ask quotes for "FFNT" at http://www.otcmarkets.com.

On August 6, 2013, the Company received a notification letter from the Hearings Panel of The Nasdaq Stock Market LLC determining to delist the Company's common stock from The Nasdaq Global Market ("Nasdaq"). As a result, trading in the Company's common stock on Nasdaq will be suspended effective at the opening of trading on Thursday, August 8, 2013. As previously disclosed, the Company faced delisting due to its failure to comply with the $1.00 minimum bid price required for continued listing of its common stock under Rule 5450(a)(1) and the minimum market value of its publicly held shares under Rule 5450(b)(2&3)(C).

The move to OTCQB Marketplace does not change the Company's SEC reporting obligations under applicable securities laws. Accordingly, the Company will continue to file its Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K.

Play taps for this sucker, it's gone pink sheets, I guess.