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DD has been done, and channels have been checked. So the information some here get seems to be exclusive and fabricated.
Fact of the matter is, the Sony deal is a non starter, and IWDM revenue and cash levels will be closely scrutinized when the 10K is out in the next few weeks.
Bean is one of the largest shareholders and runs day to day so why is he leaving? How could that be good for IWDM?
I am thinking the intel on these issues may be flawed.
PS...There is not a buyer in sight either.
What news is breaking? If this is a great financial deal what are the details. Same as the two fist recommendation, I am sure there are facts and figures to back it up. A deal cannot be called great if the details are not known.
How has selling dried up? When shares exchange hands someone buys and someone sells. So it is probably the fact that interest and all transactions have really dried up. Selling and buying has dried up.
If news is ready to break and smart money knows, why is smart money not picking up millions of shares? If it is all a done deal, it strikes me as odd we cant trade 500,000 shares a day, let alone $500,000 in value a day.
What are some details that makes this a game changer? How is the deal structured that makes it so important for IWDM?
Seems that RadioIO is available on a certain PS3 network and they are streaming their channels. Other than that there is no additional revenue generators.
This news is has been known for a few months now and the PPS change has been pretty minimal so when is the game changing revenue coming?
So basically using the PS3 as another internet access device?
This is why I feel and it is my opinion that the users of RadioIo are all the same, they just have access to the site via different channels.
It would be nice to know what this costs IWDM and how many subscriptions or listeners hours are needed to recoup the cost.
To be honest I don't think the draw on PS3 would be bubba, as I would gather music is more for the gamers, and with the ability to buy a subscription to music only for $9.99 a year I don't know how that is profitable. When you look at the 3 tiers of subscriptions there is such a small difference between $99 a year and $9 a year that I don't see IWDM selling a lot of premium subscriptions. Again this would be a nice metric to have.
There is no way to monazite the "deal" with Sony. We do not know what kind of fee's IWDM is paying to Sony for this, and since IWDM has never released legitimate listeners numbers before Sony, we will never really know what kind of boost if any Sony is responsible for.
What value is it to have RadioIo on PSN? Does it come through the same audio channel as the game you are playing? Would you not want to have radio playing on a different set of speakers while you play a game? I don't personally play games so I could not tell you. What do others think?
So with statements of ownerships for two of Stanton's companies and debt being retired with shares, things are getting very shady. Hiding assets, and moving debt around. Something is not on the up and up here, and hopefully whatever is going on does not bring IWDM down with it.
Wrong scam company. That filing is for Bulova not for IWDM. I know it's hard to keep th see scams separated but we all need to do out best.
There is no restriction on the stock. Read the filing. He is free to dispose of the shares at will
They are diluting in order to pay their debt since they have no cash to service this debt.
IWDM diluted the company by another 16 million shares to retire debt that was owed to this Stephen guy. These shares were granted they were not purchased.
How much debt was retired is unknown and probably won't be known until the Q1 filing in May or so.
If the truth about IWDM is negative there is nothing to be said about that.
Many people have been scammed and it is time to make sure the truth is displayed here.
Shell game Pangea Ultima is one company filing on behalf of Saint Anton Capital and he currently owns 8.6% of The issuer but if the issuer is bulova then what does this have to do with IWDM.
This is a real confusing and messed up filing. It will probably be amended.
Why is Bulova issuing IWDM stock? I think someone made a mistake by using an old 13d from another scam.
Uh oh IWDM issued 16,000,000 shares to satisfy more debt. At least we know who another major holder is. This guy has over 50,000,000 shares. He is also another convicted felon.
http://law.justia.com/cases/federal/appellate-courts/F3/374/998/505886/
Dilution dilution dilution. Good work IWDM.
A big meeting about what and with whom?
The Sony news is already out so what are we getting now? Hopefully something that generates revenue. Maybe it is a meeting with the bankruptcy attorney's?
Cash is a problem and all those options are dilutive, and dilution is not good for current share holders.
The Sony deal is public knowledge, whether the public cares is another story.
Sony news has been know for weeks now and we have not seen any effect on the PPS.
When is blastoff for IWDM.
Is point 0.07 cheap if they have no cash, and need to dilute further?
What about the more sustained run from .68 to .04. That was not a four day run. Much more sustained.
Why no buyers then if there is such good news coming?
No kidding the stock is cheap. It was a great buy at .35 so why not at .06 right?
What is no in the bid means nothing. If a buyer was interested they would move up .007 to the ask. That is only a $2800 spread.
Let the market do the talking, she rarely lies.
They did add an affiliate for Bubba (detroit) that may bring some new listeners, probably not enough to effect revenue in any real way. The only positive that is possible is extreme growth from IO for business.
The last few times that IWDM signed a new IO for business client we got a PR, but since we have not seen one of those since Jakes burger hut, then either then did not sign any new clients, or they did not release a PR. Next to cash levels that is what I am most interested in.
No Dumping at the Bid is what you see. If there was no selling there would also be no buying.
This may be fair value for IWDM .05 - .07 @ 166,000,000 shares thereabout. I think IWDM is grossly overvalued at $11 million, but we will see. Let the market do the talking.
Countdown to 10k when we get a better picture on how much cash is left.
What I see is that there was a total of 2 trades today for a whopping $7,300 value. Down here in IWDM penny land we need to see 500,000 + trades and millions of shares a day for any real excitement.
Back in the good old days of a low float a 100,000 shares meant something, today not so much.
PR Newswire is the one of the top 3 newswire services, and the PR was released by them. It was not picked up by financial websites because it did not references IO World Media. It only referenced radioIO.
Notice the date line on the press release...
LOS ANGELES, Nov. 18, 2011 | PRNewswire
Entertainment and social networking come together like never before as Sony DADC’s LOOTâ„¢ group partners with leading digital media companies to bring virtual world experiences to feature films, television, radio, and live events to Sony Computer Entertainment America’s PlayStation®Home social game platform. With the addition of Crackle, Ustream, and RadioIO social experiences to PlayStation®Home, users can invite friends to share traditional entertainment experiences in a virtual environment, communicating with each other in real time—whether across town or on the other side of the world......
PR Newswire is one of the largest wire services out there. Very few people notice because very few people actually care about IWDM to do any due diligence. Just because the yahoo finance and other related sites did not pick up the story does not mean it was not released properly.
Any investor outside of a novice retail investor would have seen this PR if they were interested in IWDM. So the disconnect is not IWDM managment it is that fact that there is not a willing and active market for IWDM. Trust me "Wall Street" knows about IWDM, and they saw this press release.
Actually PR Newswire Released the Sony PR for IWDM, they are a national newswire.
The ones who loaded up before .68 have made their money and have moved on.
The PR's have been released including ones for Sony, and a wonderfully insightful PR about the Chicago Tribune which was a very sad attempt at generating interest in IWDM.
This is not a matter of Wall Street finding out about IWDM, it is a matter of IWDM not generating enough revenue and cash flow to increase the PPS. IWDM is too diluted to really move more than a few pennies now. If management did not dilute IWDM to death we could be talking about a very different story.
What is meant by selling is drying up? There has been no real buyers and no real sellers for the past several months? Nothing is drying up, and nothing new is happening.
It took 3 orders and 3 minutes just to fill a 70,000 share order, so the lack of willing buyers may be a bigger issue.
I am not sure selling at any price is how it could be explained. Volume has been so low that I belive no insiders are selling and none are buying, so the "usual seller" is most likley simple retail, or Market Makers balancing their books. $50,000 worth of stock in a month indicates no insider activity and no real interest.
May be that right here from .05 - .07 is IWDM sweet spot and the market believes IWDM is worth $10-11 million. That is valuing IWDM at 5-7x revenue with no further dilution, any dilution will take the level of fair value down even further.
So if IWDM is valued at 5x revenue, they will need to increase revenue by $332,000 to justify a .01 PPS move. At the currently level of outstanding shares ~166,000,000.
Lack of volume is telling.
IWDM has not traded over 200,000 shares in a day since Mid November. With the 10k on the short term horizon, it seems the market is not expecting all that much from IWDM.
Just some food for thought...Year to date IWDM has traded just about 760,000 shares with an average price of about .065. So for the first month of the year where everyone is expecting such huge things IWDM has traded just about $50,000 worth of stock.
$50,000 of total trades for the entire month of January minus today and tomorrow.
The deal with Sony is already known.
IWDM is trading at over 5x revenues, so until there is a large increase in revenue to get towards 2x you wont see the PPS appreciation unless there is a coordinated and illegal pump to artificially raise the PPS so people can unload their shares. I dont think IWDM has the cash to even coordinate the effort, they may try to do it on their own by releasing meaningless news articles as they did today, but none of that will get traction. They need volume and they need a strong interest from outside parties in their shares.
There are a few crucial steps missing in that scenario.
1. Increasing revenue is more important than any of the mentioned items
2. Decreasing Expenses is more important than any of the mentioned items
3. IWDM could never afford the be on the big board. The oversight and compliance would bankrupt them right off the bat.
IWDM always has been and always will be a thinly traded piggy bank for insiders. The only way they legitimize themselves would be to restructure the shares, and wipeout existing major holders. They need to start from scratch.
It is very simple, nothing matters but revenue and expenses, the very basics of economics. If IWDM cannot show significant increases in revenue coupled with significant decreases in expenses the PPS Is going nowhere, and cash burn continues to increase.
The question is can IWDM raise revenue before they run out of cash and have to dilute further. The more they dilute the more painful the consequences become when they eventually figure out how to increase revenue. It is much easier to dig your self out of a 60 million share hole than it is a 260 million share hole.
It is always something more, something more. First this was going to run to .50 when they became fully reporting, then they were going to run to 1.00 when Michaels gets involved. True that people here are getting inside information, and sharing it, but it has no effect on the PPS which is what people should be watching.
Remember that Edwards still owns millions of shares that he is free to liquidate at any time.
So he did resign on December 31st, and the stock has done nothing since then. Just another example of how deep their issues go, no resignations are going to help pull the nose up on this one.
IF IWDM does not run hard tomorrow on heavy volume what will the excuse be? If we dont see massive volume approaching or exceeding 1 million share type volume, then it will officially be the funeral for IWDM. Lets see what tomorrow brings.
Good luck with your investments, and good luck to IWDM. Next stop 10k for 2011.
When IWDM ran to .68 they had the stock being pumped consistently and it made that run on 60,000,000 shares not 166,000,000. It is not the same, the folks on the air have such a small audience who for the most part already got burned by IWDM so they are not going to buy into another pump.
Time is not on IWDM's side, keep waiting and the only thing that is coming is a 10k showing next to no cash left and maybe further dilution.
If big things were happening to IWDM and all the insiders know it, that means all their assistants, and their assistants friends, and delivery guys et. al know about it as well. If posters here know that big things are happening and this information is coming from "people close to the company" then I would suspect if it was at all true we would have more than $300 worth of shares changing hands.
If the releases start coming tomorrow would it not be prudent to buy IWDM now?
Volume? Why no Volume? If all the insiders at IWDM and posters know of these amazing releases why has no one bought shares of IWDM?
Good stuff for who? IWDM management? IWDM shareholders? Or neither?
Who is your source? Don't need a name just what their relevance is to IWDM.
Floating rumors with no factual evidence does not help anyone. Trust the fact that insiders will know when news or another material events are going to happen, and you will see a tremendous pick up in volume before they announce anything. Don't rely on what anonymous people say, stick to facts and measures you can quantify.