I couldn’t help but notice the mention of Berth Milton Jr, Swedish porn-pioneer, resident of Sant Cugat. His company, Private Media Group, still kind of trades on NASDAQ as PRVT with an average daily volume of 3000 shares and has a market cap of around $30 million.
Although the company isn’t doing well, it hasn’t quite gone bankrupt yet (from their most recent SEC filing):
In each of the past three years we have experienced losses from operations. As a result of our operating losses our independent registered public accounting firm has concluded that there is substantial doubt as to our ability to continue as a going concern, and have modified their report in the form of an explanatory paragraph describing the events that have given rise to this uncertainty.
Apparently it’s tough in the porn industry right now… too much free stuff on the internet I guess.
