So who wants to buy out FFN?

[RawAlex]

Last trade on Friday was 0.56 a share, market cap is under 20 million, probably would take not much more than 2 million to take effective control of the company (over 10%).

My idea would be to shut the affiliate program off and suck down the rebills for a year or two until it dies, and then let them empty shell go bankrupt. Lars might not like that idea, but then again, he's already lost 95% of the potential value of his stock, the last 5 % ain't gonna kill him!

[will76]

Originally Posted by RawAlex

Last trade on Friday was 0.56 a share, market cap is under 20 million, probably would take not much more than 2 million to take effective control of the company (over 10%).

My idea would be to shut the affiliate program off and suck down the rebills for a year or two until it dies, and then let them empty shell go bankrupt. Lars might not like that idea, but then again, he's already lost 95% of the potential value of his stock, the last 5 % ain't gonna kill him!

I'd like to think Lars got screwed with the stock but from what I was told by a reliable source is that Lars was paid off mostly with cash. Now Andrew on the other hand took a lot of stock and while he did get a good bit of cash, most of his 90% ( Lars had 10%) is tied up in stock.

I read that once a company is under $1.00 for 6 months it starts the delisting process. FFN hasn't broke $1.00 since the end of June, just a matter of time and it will be delisted and all of the stock will be worth $0.

Marc Bell is the devil, couldn't do shit with penthouse, ran ibill into the ground and then ran AFF into the ground (which I wasn't sad to see AFF go down). Last I heard he wanted to run for Congress, sounds like he would make a good politician LOL. Spends and loses everyone else money while fucking up things and making it worst.

[RawAlex]

Actually, if my information is correct, they got a de-listing notice a while ago, and are on the clock. The last time this happened, one or more of the institutional players seem to have stepped up to buy the stock up in price to get it back over a dollar for a while, long enough for the notice to go away. But slowly but surely it slid back down into the mud.

Lars still owns a fair bit of stock (Mapstead familty trust, example). Sseing that go from $10 a share to 50 cents a share means he lost 95% of the value. That rich payday slipped out of his fingers. If the company gets delisted, it's pretty much a 100% loss at that point. If that happens, I expect to see the core assets sold to some other company and the indebted shell of FFN folded.