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Re: wadirum1 post# 21417

Friday, 10/24/2014 4:33:28 PM

Friday, October 24, 2014 4:33:28 PM

Post# of 23104
The problem with your whole theory is you think someone wants to pay over $13,000,000 to buy a company that has had several qtrs where they were losing money. Other than the crazy salaries they were/are paying, the company actually runs a pretty lean machine. These dudes celebrate when the office gets a new coffee pot or a microwave.

The mixtape industry is in flux right now, the entire music industry is, and the company simple is not doing the numbers that they once could. They have decreased their big releases alot lately and advertising dollars are much more competitive for traffic now then they were just a couple years ago. The company has downsized just to keep it afloat right now so no one is rushing in to pay over $13m dollars for IDLM. Not a chance. The company has some hard times to endure right now....

I think Marcus is happy to make 1/2 million dollars right now to do alot of nothing. KP runs the show there, and Marcus does little or nothing. I don't even think he goes into the office daily cause alot of the time he replies to me on his Iphone. I think IDLM will make it, but the whole music industry right now is goofy...its transforming and quickly.

Never buy or sell based on anything I post - MY POSTS ARE ALWAYS JUST MY OPINION, regardless whether I include that in my post or not. I am not a financial advisor and anything I post should be considered only my opinion at that time.