quite a few of the top holders sold out of FBR @ 2.5c right around IPO, since has been up to 30c and now around 17c. i'm more concerned with mgmt holdings than others, but you've had JM financial go up the register buying on market, the fundie where LVE held their AGM. merely a coincidence you think?
the story here isn't even about the dating sites anymore, maybe you should consider reading some of the recent announcements by the company. the booming part of the business is the in-store premium dating segment which has grown from 80k in revenue last year to over $1m in 12 months. the hk store generated over $300k in FCF during a single quarter.
so as a historical holder you may be viewing this through jaded glasses, but as someone who has found these guys recently and researched them (hopefully) without historical bias, i have the complete opposite opinion to you but completely understand why people who hitched on during the IPO got out.
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