Progressive Stocks

[wadirum1]

IDLM has over 5M downloads of its Datpiff app according to Google (https://play.google.com/store/apps/details?id=com.datpiff.mobile&hl=en). And this is just Android. Add in the Apple app and the download number could be more like 10M.

Some companies have commanded valuations of $40 per user. Let's use $4 instead. That's a big number. And I'm not even factoring in the million-plus Facebook likes or IDLM's other properties like Hiphopearly, which is adding original reporting and growing its likes at a rapid pace.

Currently, IDLM's market cap is under $3M. And it might have at least half that in cash. That was probably a fair valuation as long as the SEC investigation cloud was hanging over its head. The investigation meant that IDLM was not communicating with shareholders -- and there was a real possibility (or so it seemed) that the SEC could halt trading. But that's been wrapped up now, with just a minor wrist slap for the CEO and the company.

CEO Marcus Frasier now needs to start improved communications. If he can do so, these prices will soon be a thing of the past.

I have a ton invested in this company, and I have been adding throughout the dark days. Maybe I'm biased, but I think IDLM is a table-pounder at these prices.

Wadi