Cedar Falls, IA - The list of Internet companies
that are running out of cash keeps growing every day. Joining the
ranks of financially troubled companies such as DrKoop.com, Peapod.com
and TheGlobe.com, is bestiality site DonkeyHumper.com.
DonkeyHumper went public
last summer when the stock market was much friendlier to up and
coming dot-com companies.
Its much publicized IPO skyrocketed from an initial
offering price of $25 to over $112 and raised over $25 million.
The stock now trades around $4.
DonkeyHumper CEO Clyde Wizman said, "There are
other options besides the public markets for raising cash, and
we are exploring them all. I started DonkeyHumper.com with a single
dream, a pretty weird dream, but I'm not about to let that dream
die just because Wall Street says so."
While DonkeyHumper may survive, it will definitely
have to put its aggressive expansion plans on hold. The plans
include a DonkeyHumper theme park, DonkeyHumper ocean cruises,
and a new website called HamsterPumper.
DonkeyHumper isn't the only bestiality site feeling
the pinch. More established sites such as MonkeyMelons.com
have begun cost cutting measures in order to survive. MonkeyMelons
CEO Vic Johnson said, "We've had to let a few people go and
we've cut down on our advertising budget. We can't raise our membership
rates like AsianSheepOrgy did. We just don't have the pricing
power that a brand name like that carries."
Most analysts on Wall Street share the dim view for
animal sex sites. "The window for taking a bestiality
site public is closed," said Merrill Lynch adult site analyst
Michael Benzor. "Bestiality sites like TurkeyHummer.com,
PigPoker.com and ClownsWithCats who are all in a pre-IPO stage
will have to find funding from some other source."
There has been one bright spot in the industry. Bestiality
bellwether GoatWerks.com posted a profit of 3 cents a share yesterday
exceeding analysts expectations of 2 cent per share loss.
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