Xbiz article on AFF IPO. Russian Bank?

• December 30, 2008

Interesting article on xbiz talking about the AFF/Penthouse IPO. Russian bank is now backing the IPO. The russian bank is underwriting the IPO.
Per xbiz: Renaissance Capital is based in Moscow but has satellite offices across Eastern Europe, the U.K., in Nigeria and in New York.
A questionable company with questionable practices now getting the backing of an eastern european bank and nigeria. I smell dirty laundered money. Just my thoughts. Don’t ban me for that opinion, but going to a Russian bank for underwriting an IPO for $500MM with $48mm in revenue is iffy..
Ouch
Read more at: gfy.com