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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.
Friend Finder Networks (formerly Various, Inc.) is an American internet company founded in 1996 by Andrew Conru.
Its corporate headquarters are located in Boca Raton, Florida, with additional offices in California, New York, and Taiwan.
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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.
During the survey period it was found, that 13 percent of responding individuals aged between 18 to 29 years reported that they were current users.
Furthermore, 60 percent of respondents within that group stated that they had never used Adult Friend Finder.