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Club Jenna pulled in 37 mil in 05 and 32 mil in 04.

A completely unsubtantiated number. As I have said before, this all comes from the idiots at Hoover's, who have made a career of buying D&B reports which are half worthless to begin with. You're saying that CJ is 1/2 the size of Vivid and 1/3 th size of LFP. I don't buy it.

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Typically privately owned businesses receive 2 years of gross when sold.

That is the one way they are notvalued. M&A is either based on the asset value, or a multiple of EBITDA adjusted for compensation.

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Forbes reports Jenna's personal income to be 15 million in 05 but that includes more than just clubjenna.

This is based on a silly idea that a buiness can have a 50% net profit margin. In my 10 years of underwriting business finance (about 1,200 deals worth about $700 million), I encountered this exactly never. Who in porn takes away $15 million a year? No one.

Get your facts straight. Maybe Khan's brother can help you.