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FriendFiender Networks, Inc which includes Penthouse is losing lots of money. They can’t pay off creditors so what’s the plan. It’s an IPO of course. According to the WSJ they are looking to raise 200 million in an IPO next week. Recently I saw the off Broadway show Avenue Q. One of the main songs in the show is “the Internet is for porn”(watch it on Youtube).Maybe those puppets know something I don’t.
I haven’t looked at the SEC filings – but a company that is currently losing money isn’t always a bad IPO.
1)What is there business model going forward?
2)Do they own any domains, real estate that can be sold and monetized?
3) Are insiders owners in the name?
4) Who is promoting the IPO? If it’s a Goldman Sachs vs. a boutique IPO firm — there is a huge difference in the street’s perception.
They also just recently purchased facebookofsex.com for 15k I believe at tdnam to promote there new xmatch site. Meanwhile Penthouse who bought them viguoursly defends there trademark online.