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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 contemplated public offering, scheduled to reach the market on January 27, 2010 was delayed by FFN.
He dropped his head and swallowed every drop as I came as hard as I ever have in my life. A few minutes later, the flight attendant approached.
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Friend Finder was launched in 1996 by Andrew Conru.
As of January 17, 2010, Friend Finder Networks had a negative net worth equal to 8 million, million in cash on hand and 0 million in liabilities.
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