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I agree, it does seem dangerous, that’s why I’m still skeptical that this is a group just running up the sp.
Wadi, thanks for the insight.
What would prevent him from selling everything and getting out completely- He gets cashed out of his shares and a new company takes over?
CEO's shares are restricted. And he would be trading on non-public information. No way he would do that.
I appreciate your take on what's going on. Didn't know Marcus sold Datpiff. Then again I haven't payed much attention to this stock until recent activity occurred.
Seems dangerous to run this up, if you know that the guy holding the vast majority of shares is a bit unstable and totally unpredictable.
Why wouldn't Frasier just start selling off some shares, and take advantage of the situation?
Well, I’ll hopefully not be around when they go private, as I’ll be out at around $1, maybe a few at $.50
I really doubt there would be any kind of change at IDLM.
First, Marcus has a huge majority of the shares.
Second, it appears he already sold Datpiff.
It is unclear what is left of the company -- though it might be that the cash from the sale of Datpiff is still in the company.
I think this flurry of activity is that someone or a group is buying up shares of IDLM to run it up. It has a spectacularly low float (only worth $70K when this started). And no new shares can enter the float (apart from the 3M held in certificate). It is the perfect stock to run up.
You're absolutely right across the board. It's blasphemous what Marcus has done to this stock and Datpiff's potential. Let's hope those buying up shares see the same thing and want to change that around.
Well, if you have 8M of IDLM, then you give some to a promoter, let some others in at 10c, and run it up to $1. The market freaks, buying shares, and then you sell your 1c to 3c shares at 50c.
OR, you wait until this is private, you demand to see the books, and you sue Frasier for grabbing all the proceeds from the sale of Datpiff.
I'm just tossing pasta at the wall to see what sticks.
My theory involves a person who is very patient and who knows how to sell shares to shake loose cheapies. I won't go into it more than that -- especially since I do not actually know who is buying. Just a hunch.
And the bigger question, what are they going to do with them?
Even with this flurry of activity, it sure is sad how big of a mess was made here. Running Datpiff through a private Paypal account?!? Refusing to merchandize off the Datpiff name/logo?!? Building and then mothballing a close site for House music?!? A these opportunities thrown away.
This could have been huge -- as in multiple dollars.
Still, the float is tiny, and there's no reason someone couldn't run this way, way up.
I’ve been wondering the same thing. What is their target number of shares?
The longer this goes without much activity, the more lots will come up for sale at lowers and lower prices. But, they seem content picking shares up in the .03 range.
Wouldn't that be a blessing Wadi. It's been so long seeing this kind of activity. Hope you've been well good buddy.
There have been a LOT of shares traded during this flurry of activity. With only 10M shares in the float, I wonder if one person is getting close to controlling this thing.
Someone’s picking up as many cheap shares as possible, while trying to keep the sp down as low as possible.
I see a lot of jockeying on L2, disappearing bids and asks.
Question is what has been causing the buying pressure and will it continue.
We saw a little sell off yesterday but it seems most here are holding to see what happens next.
Tiny, tiny float here.
Slightest buying pressure will make this rocket.
Picked up a few more last week and earlier this week.... holding on now for the blastoff
This has legs. $0.053 is the highest bid we've seen.
My guess is the market makers. It happens in all stocks. The don't lose.
I'm good waiting for the explosion. Doesn't need to be a reason the way this market is going.
IDLM
Nice bod support today....definately feel we've built a nice floor at this price.
I was thinking the same- maybe we’ll get lucky and someone is making Marcus keep the proceeds from the sale at datpiff with idlm.
Maybe he’s stuck.
I am hoping there is a legal glitch on the sale of datpiff and requires getting all the free shares to prevent lawsuits
Yup. All they need is a few people to convince them it's not going back down. Because I think they need to buy.
Good morning, Submariner.
I think whoever is so intent about being best bid seems to have an abundance of patience. I doubt we'll see that buyer hitting the ask, unless others start to get the shares he/she wants. Whether or not other buyers show up on a given day seems more difficult to predict. Hopefully today is the day we start the next leg up to 10c.
Regardless of what happens, I've got my new (smaller) position and I'm holding to see what happens. Very speculative, but possibly very lucrative. And I'll keep trying to add on dips or enormous spreads.
Wadi
Big day,big day....feel alot of ask slapping bout to happen.
Yes. You are 100% correct. I tried several times to be best bid. Within ONE SECOND there was a covering bid of exactly 0.1c higher.
Someone is intent enough about getting shares that they have a computer program set to frustrate bid sitting.
I don't think TDA offers me that service. Nor FIdelity. Is this something Robinhood offers? Or who the heck is this who can place automated orders like this?
This is an interesting situation. I don't believe we have seen anything yet. More than half of the selling today was one person. The float is tight and someone serious wants shares.
Interesting...
Yeah, I don't believe it is a "someone" as it happens too fast. I was doing that with low bids and every time I added a tenth of a penny someone showed up above me. Then I ended up putting in .05, they filled part so I was left with less than 10k to go and they showed a large bid at .04. Definite games.
Now your talking....let's rock and roll!!!
I'm convinced there are some big players here who understand very well what a thing of beauty this is -- only 10M in the float and that could only ever go up by a max of 3.5M (the unrestricted shares that are held in certificate).
There's some jockeying around as to who gets any 3s that happen to drop. But I think those sales will dry up and we'll resume the climb.
At least that is what my crystal ball is telling me.
Was hoping you would grab that .068 Wadi!!!lol....need to rebuild this momo!!!!
Tried to put in a slightly higher bid just now. Someone immediately jumped over me to 0.037.
Nice work grabbing 3s.
Added a bit in the low 3ish area today. Something is definitely up.
Looks like it is starting to come to life as we post.
This could easily end the day at a dime.
Who was buying all of may shares last fall? And why did they buy them? I sold them very low, happy to take the tax loss. But there was always someone eager to buy them.
It's a shame. I, more than anyone, can relate. But this thing is ready for a big run. If all the selling is from one old holder, that bodes well.
I believe the buying is simply due to the fact that this is a stock where the float is TINY and where there can be no increases in that float. Thus, it becomes a vehicle for speculation, which is rampant these days. In many ways, this is the IDEAL candidate for such speculation. That other poster was trying to get folks to buy his stock which has 6 BILLION shares in the O/S and a market cap of $200M. By way of contrast, the entire market cap of IDLM on Friday morning was $420K, and the float was only worth $70K. I do not know of ANY other penny stock that comes close. If there are others, I'd like to hear of them.
If a group were to buy up a bunch of shares, and if much of the float was held by people hoping for 20c or 50c, then it would be relatively easy to run this thing way up. Others see this and jump in. The momentum leads to more momentum. And suddenly it is off to the races.
Is there any value here? We do not know. If it were me running IDLM, I would have used the Datpiff brand to pull in a bunch of merchandising bucks, while setting up some clones for other music genres, and I would have only sold it for $50M. If you talk with Haddock, I believe you'll walk away with the same impression. Say Frasier got $25M because he was more into Pokemon than making money, still the question is whether he ever plans to share that with shareholders.
Perhaps this is going to go private at some point? Maybe there would be a distribution then? Or perhaps Frasier just doesn't care about what he did to people with those bogus filings and he's grabbed all the Datpiff $$ for himself. Time will tell, but when I bought shares it was to participate in this run-up -- not because I'm hoping that Frasier would ever accept responsibility as CEO.
Wadi
By chance, anyone tried contacting Marcus to try getting insight into what’s going on? He’s never responded to one of my emails.
wadi you are my idle hero but I wish to know more about why the buying. So far hotel ca is not giving up.
I happen to know about today's selling -- or at least all but 50K. It was a long-time long who wanted out. At least the person hit the bids so that we now have those shares in new hands and at reasonably cheap prices.
I think the effort last night to shake loose some shares might have worked or it might not have, but the next move from here is up.
I have to say I can't figure out how they handle what is shown as the bid. I have tweaked buy orders to try and figure it out but not following it.
The bid is low and the spread is too large IMO. Are there rules on what happens with it?
I think it would be good to have it pull back into the 4s this morning to let people stock up a little more, but if it keeps going up, I'm not going to complain.
All of his followers will see his hilarious posts haha..lots of new eyes..look for a nice pop tomorrow!
We got massive volume, a huge price increase, and now our first naysayer.
I guess IDLM is back!
sec lookind for fillings 2-10 years ago,KAPUT
Prohibited Service Provider very bad fellas.
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https://www.otcmarkets.com/stock/IDLM/news
could be grave yard,SEC looking crazy now to suspend all with out the fillings
nothing since 2015,you'll be lucky to get out tomorrow https://www.otcmarkets.com/stock/IDLM/disclosure
ouch out fellas ,you can loose all your money,,48 tickers suspended just this morning by the SEC. The house cleaing has begun as predicted.
https://www.otcmarkets.com/market-activity/compliance-statistics
Very decent day here. I’m not sure what the reason is for the recent trading or where we go from here, but it shows you what a little interest in a low floater like this can do.
Based on the trading the past couple of months, there seems to be some that know more than we do. Not sure if Marcus is involved or not, but if not, maybe this will wake him up to the possibilities.
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