The company had also indicated that it lacked existing cash or cash from operations to repay a .5 million debt that was due July 31.It has cautioned that, unless it can repay or restructure its obligation, it will face “a material deficiency in our short term liquidity.” With these shortfalls in mind, the company again announced an intention to make an initial public offering of stock, representing a 49% stake in the company, with plans to use the proceeds to pay down its debt and become listed on the New York Stock Exchange.The Friend Finder data center – one of the largest in the world!
AFF make a lot of money from users, but in my opinion fail to provide the service they claim to do, and seem only interested in pushing you to pay more money, either on the site itself, or 1 of their other sites linked to this 1.
The contemplated public offering, scheduled to reach the market on January 27, 2010 was delayed by FFN.
Friend Finder had not turned a net profit since at least 2008.
That’s just some other online dating service trying to fish you into their site and start billing you.
Mark Brooks, who runs Courtland Brooks, has a solution in mind.