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Time will tell, but if it was my money I would not plan on any PPS rise due to playstation home, I highly doubt this has any impact on their revenue.
Good luck to you.
How do all of these things help? How many regular users does IWDM have, we know only 2800 early enlisters. IWDM is not the only option on PS3 and IWDM tried a paid service and we all saw how that worked out. They will not charge a fee on the PS3 and if they do the lions share of it goes to Sony. The only way IWDM is ever going to make real money is via add revenue, and they just dont have a way to pull listeners from Spotify, or Pandora. Their music content and selection is poor, they have numerous and constant technical issues, and their interface is garbage, not to mention the lack of a smartphone app.
I am sure they thought that Bubba's listeners would all follow, but they are quickly learning that his hardcore group of fans is very small, and most of people listened on sirius because they already had sirius. Glen Beck has a following, Bubba does not, the guy who shot his dog and his girlfriend does not either. What is UNATION? I thought they were supposed to set the world on fire 11-11-11. It is 12-22-11 and I don't see any flames.
There could possibly be bankruptcy in January too for IWDM, whats the point? Anything is possible.
Now the best part of all this is the alleged move to the big board....
There is no way that IWDM could comply with the listing standards and Sarbanes Oxley act which they would need to do to be listed on any of the major exchanges. But nice try!
IWDM would need a new Board of "independent" directors
IWDM would need a full time audit committee with a certified financial expert
IWDM directors would now be held liable for any securities fraud (thats a big one 25 yrs in the pen)
Not to mention all the new liabilities for the CEO and CFO's they are personally liable for any mis statements on their accounting
But everyone here already knew this...
166,000,000 shares for a company with less than $2 million in revenue and no cash is very highly diluted.
Only 80,000,000 share cushion left until they have to authorize more shares, and that will happen soon. Maybe they let share holders comment on that, but if there is a vote the BOD controls enough shares to push whatever they want through.
But good luck and buy with both fists, IWDM is cheap.
It is a highly diluted penny stock, things will never add up.
Now if Sony is buying a stake as rumored here, why would they let IWDM go to a competitors platform?
So now with the new rumor IWDM is just pigeon holing themselves to Sony.
Well actually Sony is not going to be taking a stake in IWDM so you dont have to worry about that.
Now Sony is taking an equity stake in IWDM?
How are they doing it? Just going to buy shares on the open market? PIPE deal, or maybe just more straight up dilution.
This is a good rumor to float. You have to figure that if a reputable source has this information, then it has been disseminated to other parties. So why no volume? Why are people who get this information not picking up 200,000 share blocks? After all that is only $12,000 very small for these smart money investors.
What support are they brining?
Never said the Sony news was a lie. Said it was time to move on to something new. Someone needs to start a new rumor or spread a new lie.
Only 2 more days to get it in the .20's so this one needs to be big.
Again the Sony news is old and tired, it didnt work to pump up the PPS.
Lets move on to the next rumor, or lie, or scam.
Probably wont see the .20's until there is a reverse split.
.20 give IWDM a Market Value of over $33,000,000 and that is just not realistic.
The sony news is already out in the public, been there for weeks. It is on the Radio IO website.
The general public does not know about IWDM as a whole, they are not mainstream and the general public could care less, but specialized investment firms in the internet and communications space know about IWDM. They follow it as closely as people here do.
Believe it or not Wall Street does know who IWDM is. If these firms have any interest in owning any IWDM shares is a whole different story, but by the looks of it I dont think they do.
What company? I know penny stocks can fly, but if the Sony news is already known and IWDM did nothing then I gather it is going to have a hard time gaining over 300% this week.
300% gain in a week. IWDM is going to be worth over $30 million next week?
Baseless conjecture is just not helpful or necessary.
If a large amount of shares hit the market it will undoubtedly drive the share price down. That in turn hinders IWDM's ability to sell shares to raise money. They only have 80,000,000 +/- available to issue so they need the share price to stay stable. They have to issue those shares at a discount if they are looking to raise cash and there is not much cushion left unless they are issuing shares at .01 for a grand total of $800,000.
Seems that IWDM is more interested is giving their friends shares for things instead of using them to fund operations.
No wall street group is going to fund a company that is run by fugitives, and has major cash flow problems. There is no value in it. Any investment bank or group or person gets nothing of value if they fund IWDM. They have no proven value, they consistently lose money, they generate less than $2 million a year in revenue, and they provide no unique product.
So when IWDM runs out of money, then issues all of the remaining shares the next step is BK. It is a slippery slope, and I would question ones thinking that Sam Zell is going to step in and put his cash into IWDM. There is no logical explanation for it. Especially since his bridge with Michales has been long burned.
But buy with both fists.
I guess getting screwed as a shareholder only pails in comparison with getting screwed as an ex wife with a child.
Just shows the type of person that is making decisions for IWDM.
Sure...During Proceedings assets will be frozen.
Just saying if shareholders are interested in preserving some value for their shares, they should look at making an offer for his stake. At some point if what they say is true and he owes his ex wife $10 million the bankruptcy judge will order his position be sold to the highest bidder. The two worst case scenarios are the judge thinking the open market will get them the best value. That many shares hitting the market at once will bankrupt IWDM, or one of his cronies picking up the shares for nothing and just adding to their own control.
His IWDM holdings will only represent a part of what he owes.
Could go either way. They may freeze assets or he may be free to sell to provide cash for his legal bills, pay other creditors. The judge may deem that he will get the best deal selling on the open market, and not a packaged deal for all his share.
If the judge does let him sell his shares in a package, all the shareholders should buy them. Last thing you want is to have another one of the insiders or their buddies owning all of his shares.
I would venture a guess that their investment may look like Millions on paper but cash out of pocket is significantly less. Lots of "credit and services issued" such as rent, advisory services, $100,000 cash for $400,000 in shares, things such as that.
Still don't worry, no one is taking IWDM private, there is no value in it, they can no longer come to the average investor for financing. There is a reason it is a publicly traded company. If you look at all the publicly traded companies that have less than $2 million in revenue you will find a common trait. They are all piggy banks for insiders, and ways for insiders to finance their habits without going to a bank. Everyone who owns shares in IWDM has paid to finance whatever the insiders want, from paying themselves rent, to buying their buddies company.
For the rest of the year there will be added pressure of tax loss selling.
There was a valiant soul that tried to paint the tape but the did it too early. Someone got rid of a few thousand after the 100 share tape painting. Waste of commission if you ask me.
Not sure the grounds are there, typically shareholder law suits claim some sort of fraud. Usually saying the company did not inform shareholders of material news. IWDM being a terrible company is not illegal. There may be some questionable insider transactions, but that is par for the course when it comes to penny stocks. Typically the only people who make any money off this type of law suit is the lawyers.
I dont think you could convince a class action lawyer to take it without charging fees up front (typically they work on contingency), there is no money to be had, even if shareholders won IWDM would just file BK and no one would see a penny.
This has been known for some time now, so is the buy with both fists recommendation withdrawn?
So with management being so poor doe that mean no more .25 by Christmas? No more $5.00 PPS valuation on IWDM?
Strategic advisor is what Michaels is. Anyone can say they heard something but until it is black and white no one will belive it.
Sony deal is so big that less than a million shares have traded since they announced it. How is UNATION even relevant? It is not even close to mainstream. Go ask a the teller at your bank if they know what UNATION is, then ask them if they know what facebook or twitter or pandora is.
The market is the ultimate barometer, and it is telling us what the real value of IWDM is.
His take was 16,000,000 I belive.
The whole deal was 30,000,000
I admitted I was wrong on Michaels but his participation is limited and Investors seem to care less. Was it worth 30,000,000 shares?
If Sam Zell gets involved I will leave here forever. You do know about the Law suits between Tribune (Zell) and Michaels and the settlements right? And that Zell is not involved with any of Michaels new ventures. Also that Zell was on CNBC talking about his focus going forward will be back to what he knows best (real estate), also he has a considerable amount of his time and resources tied up with his Archstone deal.
But buy with both fists on the premise that he will commit capital to a no name penny stock piggy bank (IWDM) that is highly diluted and poorly run. That is a winning plan.
And the point? No PPS boost, Michaels is an advisor not part of the company and it cost 30,000,000 shares.
Sure....How are they going to pay for it ?
More terrestrial markets does not equate to increases IO listeners.
Bubba had plenty of stations when he started with IO and he got less than 3000 subscribers. Now that it is free you will pick up some new ones but the bulk of his audience is already listening.
I guess only time will tell.
So how does IWDM increase listeners and therefore add revenue outside of Bubba?
That's how radio advertising works. Sponsors don't want controversy. Same holds true for most forms of advertising.
Watch the progression for yourself. Follow the Joe Paterno interviews, watch how the first ones have the full sponsor backdrop, then slowly after more and more interviews they disappear. Not saying Penn State fans won't continue to watch their teeam, or their press conferences, just the fact that sponsors don't want their name associated with this.
Opinions are great, but they should be rooted in fact.
Merlin is not RM's only. He was many partners he is the operations but financing is not his. He has several large partners that supply capital. His deal with IWDM is in no way related to his other ventures, he sold a "company" of his for shares, and that is it.
There is no unique platform at IWDM that Merlin stations could benefit from. In fact for Christian, all news and female focused stations any affiliation with IWDM (Bubba) would be deadly and sponsors would flee. IWDM is and always will be a very small fish in a very large and dangerous pond. Like it or not IWDM has been used as a piggy bank for insiders, and a thank you gift to friends and associates who get granted millions of shares for something that no one can fully explain or value.
It is not possible that RM can walk to the board of directors of the hedge funds and venture partners of Merlin and convince them that they should use a small penny stock company that is diluted to the hilt with a board of directors who have a less than stellar reputation to broadcast all of their stations online. These are serious business men who dont need or want association with firms like this. Not with everyone's reputation and money at stake.
If IWDM was serious about that type of business model then they would have restructured shares and board of directors already.
How do people see IWDM fitting into Merlin Media? All the Merlin Stations broadcast online already. Not sure I see the connection, unless everyone thinks Bubba is going to Merlin Stations. How does his show fit with the all news format, and focus on the female demographic?
Bubba had access to millions of listeners while on Sirius and we saw that only a loyal few followed to IO, so for those who think new markets will dramatically increase listeners and therefore add revenue my want to reconsider their estimates.
Keep up the good work, keep the good news rolling in.
What has been done?
What has IWDM released that is false and misleading?
So many threats to IWDM management and no follow through.
Fact is there is nothing an individual can do. Everyone signs off on the risks when they agree to purchase shares. So unless a broker told you false and misleading information about IWDM then you have no power. You could pool all the shares of everyone here and not even be close to enough fire power to get things done. Especially with the last 30,000,000 share dilution.
Almost mid december. Will need a super charged run to make the prophecies on the PPS come true.
A pump does not work unless there are more buyers than sellers and the buyers are willing to pay up
All the volume for the past 3 days has been on less than 10 total trades. That is not healthy or normal.
Must be all that good news cooking and PR's that are being held back that is causing such epic volume.
Why would Michaels "guys" be buying? Who are Michaels "guys"
Michaels was granted stock he did not need to buy it. Now if something big were in the works, Michaels would be telling his "guys", and they would be buying. Hence one can deduce that nothing big is happening.
Setting the world on fire. A total of two transactions in the past 2 days.
Always remember that IWDM management will look out for their own interest before any individual shareholder.
If IWDM wanted to be a legitimate issue they could easily restructure and trade off the bulletin board.
Be careful out there, yesterday's action was scary, with the odd sized trade near close leads me to believe that was a market maker balancing their book, so it is possible that not a single share went to investors yesterday. This is not something that happens when a company has "big things" happening.
It is always true that when something big is happening people know about it before the public, and therefore they associates know about it, and therefore you see substantial volume.