You ever meet anyone who uses myYearbook?

The Yardley, Pa. firm, celebrated for its charming founders, youthful siblings of the Cook family, says it specializes in helping users meet new people on the Internet. Originally backed (in 2003-04) by First Round Capital of Conshohocken, myYearbook was sold last summer to publicly-traded Spanish-language social network Quepasa Corp., whose owners include previous myYearbook investors US Capital, Norwest Capital and the Cooks.
The site put out a happy press statement yesterday announcing a new iPad application on iTunes, "350% growth in mobile users in the last 12 months," to a total of 500,000, and "200 million mobile sessions per month," cofounder Geoff Cook says.

And yet share prices have fallen by more than two-thirds, to around $3, since the myYearbook deal was announced last summer. Quepasa's latest financial report provides pro forma comparisons for full-year 2010 vs nine months of 2011 here. (In an earlier version of this item I wrongly compared the two, not realizing the duration of the periods varied. I've asked Quepasa for apples-to-apples numbers.)  The combined company is now worth around $101 million, roughly the same as Quepasa agreed to pay for myYearbook. 

How will the company sell its plan to attract new investors? “We remain 100% focused on building a global brand for meeting new people," Quepasa chief executive John Abbott said in the statement. "We look forward to bringing the growing myYearbook mobile platform to a worldwide audience in 2012."