Comments on: Joe Shapira to Resign as Executive of Spark Networks http://onlinedatingpost.com/archives/2005/12/joe_shapira_to_resign_as_executive_of_spark_networks/ Online Dating Industry Consulting & Commentary Mon, 13 Feb 2012 20:50:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sam Moorcroft, ChristianCafe.com http://onlinedatingpost.com/archives/2005/12/joe_shapira_to_resign_as_executive_of_spark_networks/comment-page-1/#comment-789 Sam Moorcroft, ChristianCafe.com Tue, 06 Dec 2005 02:06:40 +0000 http://onlinedatingpost.com/archives/2005/12/joe_shapira_to_resign_as_executive_of_spark_networks/#comment-789 Marcus, My understanding, based on http://www.spark.net/press/sn_press_111405.htm, "...(the) company’s decision to proceed with the registration and listing process unaccompanied by a sale of equity (as had been previously contemplated)..." is that they are not doing the IPO anymore - they are merely switching exchanges - from Frankfurt to the NYSE. This will give them greater access to cash, when they next need to raise money. With Joe's departure, they are merely continuing to "clean house" and push out the old guard. Marcus,

My understanding, based on http://www.spark.net/press/sn_press_111405.htm, “…(the) company’s decision to proceed with the registration and listing process unaccompanied by a sale of equity (as had been previously contemplated)…” is that they are not doing the IPO anymore – they are merely switching exchanges – from Frankfurt to the NYSE. This will give them greater access to cash, when they next need to raise money.

With Joe’s departure, they are merely continuing to “clean house” and push out the old guard.

]]> By: markus http://onlinedatingpost.com/archives/2005/12/joe_shapira_to_resign_as_executive_of_spark_networks/comment-page-1/#comment-788 markus Mon, 05 Dec 2005 22:25:49 +0000 http://onlinedatingpost.com/archives/2005/12/joe_shapira_to_resign_as_executive_of_spark_networks/#comment-788 Sounds like rats leaving a sinking ship. If this isn't a vote of confidence against the company i don't know what is. Anyone placing odds on what the probability that the IPO won't happen? Sounds like rats leaving a sinking ship. If this isn’t a vote of confidence against the company i don’t know what is.

Anyone placing odds on what the probability that the IPO won’t happen?

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