NY Tim inside please .

[NY_TIM]

Originally Posted by JoesHO1

Feel free to post here, no one here cares about any non business related issues, or who dates who etc.....

please tell us about Mobbucks, and teach us some things about taking a company public...

we want to know about business here not sex life.

Thanks.. Well first off, going public sucks, as we are no longer public. It is so very expensive and too much shit to deal with. Stay private and actually keep the money you make and not have to give it to accoutants and lawyers and pay for filings every quarter...

[JoesHO]

Originally Posted by NY_TIM

Thanks.. Well first off, going public sucks, as we are no longer public. It is so very expensive and too much shit to deal with. Stay private and actually keep the money you make and not have to give it to accoutants and lawyers and pay for filings every quarter...

for a new start up is it a wise move to raise venture capitol?

or should someone look for private investors? or just not even attempt it unless they are well funded already ?

what would be your advice to a new guy trying to get into the business today ?

[NY_TIM]

Originally Posted by JoesHO1

for a new start up is it a wise move to raise venture capitol?

or should someone look for private investors? or just not even attempt it unless they are well funded already ?

what would be your advice to a new guy trying to get into the business today ?

Just from experience I would suggest private funding. Over the past 4 years or so I have owned 2 public companies and its always an up hill battle. Thats just from my experience...

[Biggy]

Originally Posted by NY_TIM

Thanks.. Well first off, going public sucks, as we are no longer public. It is so very expensive and too much shit to deal with. Stay private and actually keep the money you make and not have to give it to accoutants and lawyers and pay for filings every quarter...

What was the purpose of going public?

[NY_TIM]

Originally Posted by Biggy

What was the purpose of going public?

There are not too many public companies in the adult space and we figured we would get some spin and publicity. Well we did get that, but it was just too expensive and to hard to run an adult company under the public umbrella.

[JoesHO]

Originally Posted by NY_TIM

There are not too many public companies in the adult space and we figured we would get some spin and publicity. Well we did get that, but it was just too expensive and to hard to run an adult company under the public umbrella.

Now if I understand correctly....

Playboy is a public company

but Hustler and Penthouse are private companies ? is that right ?

[LadyMischief]

Originally Posted by JoesHO1

Now if I understand correctly....

Playboy is a public company

but Hustler and Penthouse are private companies ? is that right ?

I thought only part of Penthouse was private, this would be something to look into.. just how many adult companies are being publically traded in one way or another, and are there really benifits, or bigger drawbacks to going that route?

[Biggy]

Originally Posted by JoesHO1

Now if I understand correctly....

Playboy is a public company

but Hustler and Penthouse are private companies ? is that right ?

that is correct.

[Grump]

Some portion of the assets of Penthouse had been sold to a public company. I do not know if the deal went through or not, and also remember reading about problems with the listing status of the acquiring public company.

Rick's Cabaret may still be public, they were in the past, and Mustang Ranch tried to go public back int he 80s, but the deal was pulled due to the Mustang owner's IRS problems at the time.

Being public is a great way to raise funding, many sources will not consider investing in a private company. That said, the demands on time and finances can be significant in running a public company and maintaining all the required reports and standards.

[LadyMischief]

Originally Posted by Grump

Some portion of the assets of Penthouse had been sold to a public company. I do not know if the deal went through or not, and also remember reading about problems with the listing status of the acquiring public company.

Rick's Cabaret may still be public, they were in the past, and Mustang Ranch tried to go public back int he 80s, but the deal was pulled due to the Mustang owner's IRS problems at the time.

Being public is a great way to raise funding, many sources will not consider investing in a private company. That said, the demands on time and finances can be significant in running a public company and maintaining all the required reports and standards.

One would think it would be more difficult to find people willing to invest in that case, because ROI can be unpredictable in this marketplace. Look at the .com bubble bursting... That made a lot of people nervous.