Idle Media Inc (IDLM)

[berta]

WADI u have any comments on this still holding without HOPE most likely, damn wish someone with a larger stake here would SUE THIS COMPANY

[Grande Drip]

Looks like it has started…but someone is buying up the shares.

[Grande Drip]

Received a message from TDAmeritrade yesterday that IDLM will no longer be able to be purchased and will be difficult to sell through them in September, because of the new SEC regulations.

This may be the end of idlm as we have known it unless they miraculously get their reporting in order, which I do not see happening.

It’s hard to imagine the price not plummeting over the next month or so, even though we have been seeing decent size buy orders go through.

[Grande Drip]

Almost 200k shares traded so far today. Even if it’s a shareholder getting rid of their shares, someone is buying them up.

[Grande Drip]

I’d like to see what happens if that 200k @ .012 gets filled. Hard to imagine someone would just buy all those shares without thinking something were to come of it.

[Grande Drip]

Seems someone is trying to keep a cap on it right now. Took a nibble off the ask and they gave me a lower price not shown.

[wadirum1]

If this gets up above about 2.5c, I think we might just see some fireworks.

To be clear, I have no idea what is going on. But the share structure here is so freakin tight that someone with some $$ and some guts might just be able to run this to 10c or even much higher.

[stockmule]

1- a group thinks they can do a major run up due to our small share
structure
2- a filing will be coming out that is positive
Take your pick or make up another one lol.

[Grande Drip]

That’s what I thought too.

Maybe this will move up once whoever is trying to get the 300k shares at .012 gets them. Why else would someone want that many in an otherwise dead stock?

[stockmule]

You could but I don't think you can take the loss. This would not account for current action as it would be done as one trade.

[Grande Drip]

Interesting, thanks, I thought you could just transfer them over.

[stockmule]

If I wanted to take a loss and put the shares into a roth ira never having to pay cap gains if it ever runs up would be one scenario.

[Grande Drip]

Maybe someone here can explain this- I’ve noticed a lot of the trades the past few weeks have been going through without ever showing up on L2, and some of them appear to be matched trades.

[DaBenDan]

.08 easy here no doubt.

IDLM

[DaBenDan]

They going to file here is the question.

IDLM just needs VOLUME and we bank...


Going to nibble off the bottom here but I'm not the 332k person(s).

[wadirum1]

No connection, other than the fact that some of the same people hold all three.

Datpiff got sold to some private company.

I wish someone would sue IDLM and/or Frasier in order to get him to provide information to his shareholders. I have long ago given up any hope that Marcus would voluntarily step up to his responsibilities in this regard, but I think a judge could force him to do so.

[Grande Drip]

Perhaps, I would love there to be some truth to what you’re saying.

Do you know of any connection between the three stocks? Also, do you happen to know who datpiff was sold to?

[wadirum1]

Seems as though I might have hit a nerve? Perhaps got a bit too close to the truth?

[Grande Drip]

Btw, I see your last post was immediately removed for some reason.

[Grande Drip]

Agreed, given the right circumstances, who knows how high this could go.

It’s slow in that someone is picking off all the shares that become available below .013, sometimes days in between. The more people that are willing to let go of their shares at that price, perhaps the quicker this could take off?

[stockmule]

I think if we get a run up without a filing then most likely a group like wall st bets.

[wadirum1]

332K isn't all that "slow" -- LOL

IDLM has the tightest share structure in all the pinksheets. No reason this can't run to 10c or 20c or more.

[Grande Drip]

Someone has been slowly accumulating shares at .012 for the past few weeks. Reminds me of the trading at the beginning of the year here, hopefully we’ll see a similar spike at some point too.

[Grande Drip]

Trading the last couple weeks looks like someone accumulating on the ask

[Grande Drip]

Agreed, but with the most incompetent management I’ve seen.

I figure someday Marcus is going to finally realize the potential he has in idlm or is going to want to sell, and he would do himself a huge favor to at least get current with otc.

My hope is not high but maybe someday.

[the submariner]

Still the BEST share structure on the OTC....that alone is worth the lottery ticket....100m AS???...show me a lower one Wadi...someday,someday

[makingwaves]

Most likely a trader with a large following sent a tweet, text or email out to all his/her followers about the stock. They pumped it up and now it's being dumped. This happened a few months ago.

[Grande Drip]

Does go to show that if a group were interested it doesn’t take much to get it moving.

Still don’t know how they were able to get over 2M trading though.

[Grande Drip]

Thanks.

I see on Twitter now where this is coming from. Someone on there has a screenshot from some platform that says Frasier is replacing DeFranco as secretary, even though he’s listed as CFO on OTC.

Probably a whole lotta nothing.

[the submariner]

Those 4 have always been there.....nothing new.

[Grande Drip]

Here’s who is listed currently:

Marcus Frasier
CEO
Raphael A. Haddock
COO
Craig A. DeFranco
CFO
Kyle A. Reilly
Secretary

I do not remember who was listed the last time I checked.

[wadirum1]

Hi Makingwaves!

Just logging in to see how trading went today and saw your email. Otherwise I might not have even noticed. Wow! 2.6M shares traded is a large amount of shares. 2.6M * $0.02 is $52K, which is a lot of shares.

I am thoroughly editing my response here yet again. I just read up some on Twitter. Apparently there are some folks touting action on IDLM. There are tweets about how an officer was added?? I'll keep digging, but I'm not seeing any such information.

IF there is anything going on with the company, this could really explode. The shares are probably just owned by a handful of people. Heck, this could explode even if there ISN'T anything going on with the company.

Okay, now I'll leave this post the way it stands.

Wadi

[downthehatch]

Last time we saw a volume spike in February, IDLM reached a high of .059.... back during the GME run-up.

Maybe another reddit user?

Who knows.

[makingwaves]

Hey there Wadi, it's been ages since I've reached out to you. Hope all's well with you. So what's your crystal ball say about the volume and price increase today? Hope this isn't some P&D thing going on.

[the submariner]

What in the wild,wild world of sports is going on over here.....

[stockmule]

Interesting the bid hangs around .0155 without news thought it would be lower.

[Grande Drip]

Not sure what the deal is but 1.3M pops up on the bid every time a buy order has gone through

[the submariner]

Need the spread to tighten up for new interest....

[Grande Drip]

I’d say the party is over here, at least for the next 5 years or so.

[the submariner]

Only thing going for us is the share structure....low float,low OS and low AS....any positive PR would make us AND Marcus rich...but that's been true for years.

[Grande Drip]

You may be right, I don’t know.

Either way, I wonder how much of the activity has to do with the new reporting requirements being implemented in September. As it stands now, anyone still stuck in idle by then will essentially be forever stuck, so I could see a rush to get out.

[the submariner]

Look at any 3 month chart for any otc stock and they all had a nice Jan-Mar run..atleast all mine did..so dont think anything IDLM specific...idlm,retc,andr,vizc etc....all spiked and now back.

[Grande Drip]

Would love to know who and what happened. And whether or not it was someone covering a short position or someone trying to get out of a position, how’d they do it without a pump?

It’s unfortunate though, to see the potential here and the way it moves on very little volume, you’d think there would be constant runs on this one.

[Grande Drip]

Once the circus leaves town it gets awfully quiet around here.

Not sure how smart it is but I’ve had some buy orders in myself, even though the price keeps dropping.

I still do not know what all of the trading a month ago was about, not much of what we know makes much sense. And, whoever was here now appears to be gone, so not sure if we’ll ever see another price spike again.

You’d think Frasier would see the market value of idlm increase and maybe finally understand the potential he has here.

[the submariner]

May nibble gets sub .01 again.

[wadirum1]

I sure as heck did not see any short covering.

Regardless of all that, I just grabbed some more at 1.6c.

No reason this cannot go to 10c. I'll never again own as many as I did, but having a modest position with cost basis under 2c makes good sense to me. Buying 200K at 1.6c costs $3200. At 10c it would be worth $20K. Not trying to make a fortune here. Just thinking that this was a good buy.

Wadi

[DaBenDan]

I agree, everyone is circulating a buzz about short covering they think is going to happen tomorrow due to rule changes.

I think that is what the overall OTC mysterious jump was and MMs are all straight.

Hope I am wrong but tomorrow is a non-event.

[the submariner]

I think it caught the overall market Jan-Mar bounce that EVERY stock had...their was no event,filing or any catalyst to "justify" the jump....sure,we all know what's here...but we also know who is running the show....so 1.5-2 cent share price??..the last few years I would give you an arm and leg for 2 cents...well we got it...if you can take a profit i would recomend it...to think anything is going to happen here might be futile.

[Grande Drip]

Anyone think there’s more to come here or is this done?

[Grande Drip]

Wrong board