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Nice tight float?
If they had revenue of $100,000,000 maybe this would have a nice tight float, but with 133,000,000 outstanding and less than $2,000,000 in revenue per year IWDM is a bloated and diluted.
Remember there is even more dilution coming with UYR, unless they never intend on closing the deal. If they did close as stated on or before Sept 31 and did not tell anyone we will see the dilution in the Q3 filing, if they did not then we will have to wait.
Pandora only has 161,000,000 shares outstanding and they are a legitimate company.
They are authorized for 250,000,000
IWDM is worth over $9million right now. I would not call that cheap. With less than $2 million in revenue they are actually trading at 4.5 times earnings. I think they are fairly valued, but with the cash crunch they are probably over valued.
We will probably have to wait for the Q3 filing to see how large the dilution was for UYR or if it happened at all.
Does not seem like a big time radio executive is running the show at IWDM. Steady decline from the UYR announcement, and no SEC filing that the deal closed. Seems to me just another attempt to artificially inflate the share price.
Until we see that is closed and what the depth of the dilution then I dont believe anything that comes from IWDM.
What if the UYR deal is not really a deal at all. Just something that IWDM was going to use as fodder for investors. Maybe they never planned to close the deal at all, but they wanted to talk up the rumors, and investors just did not care.
That is why I started here. It's not just about making money, it is also about saving people money. A penny saved is a penny earned, and if just one person sold because of facts posted here then "mission accomplished"
Yeah it looks like clear channel insiders are loading up on IWDM today they might have purchased all 1200 shares that have traded.
IWDM is the next AAPL, load up, shares are cheap, two fists.
Oh yeah...Clear Channel would definitely buyout IWDM just to get the same on air talent they fired. That makes perfect sense.
IWDM is also cheap if Clear Channel decides to purchase them.
What restrictions is that?
restricted stock does not stay restricted forever
Because he is a major holder of IWDM shares, and he is not going to get voted out by his friends. It would be bad for him to get the boot anyways. If he does I am sure every one of his shares would hit the open market.
Itty Bitty accumulation from retail investors that means nothing.
If someone wants to gain control of the company they will need at a minimum 51% of the shares but in reality to avoid a battle you would need more like 75%. So do the math and look at the volume for the year. If you cant then I will help about 37,000,000 shares have traded this year. So with 133,000,000 outstanding shares even if 1 person bought every single share traded they dont even come close to control.
You do realize you have about 100,000,000 more shares available today as you did in December of last year right? You do realize the bump to .68 was completely on the back of unsuspecting retail investors right?
They need to be buying more than 10,000 shares for that to be true. Need about 100,000,000 or so or the same amount that has traded in the past 10 years combined.
If Michaels has been calling the shots since May or so like has been rumored then what is taking so long?
Lets get back to reality, where is the filing that the UYR deal closed? Until you see that then Michaels is not even a strategic advisor. Smoke and Mirrors...
Lets do some estimates and have some fun with the math.
Pandora which I am sure we can all agree is a publicly traded internet radio company has a market cap of just under $2,000,000,000 and they have an estimated 80,000,000 users. The math would then say that each user is worth $25 of market cap.
IWDM currently has a market cap of $11,000,000 and if any of the user # math is to hold true that means IWDM needs to maintain 440,000 users to justify the market cap at the current outstanding share structure and share price.
So again everything else constant lets take the call for IWDM to be $1.00 or a market cap of $133,000,000 then they would need to maintain 5,320,000 users.
See to me, this is just another equation that does not add up. I can not see the justification for the two fist approach. It seems that even at .08 with 133,000,000 shares outstanding IWDM may be over valued.
I get that this is a growth story, but with 133,000,000 share outstanding and growing by the day there will have to be some sort of share restructuring in the near future if they ever want to see real PPS appreciation.
Smart Money has bought about $100 worth of shares.
Become a major share holder. Buy upwards of 30,000,000 common shares and demand it.
Michaels and Chase do not have seats on the board, so how are they going to take out all of the existing board members? Please note these board members also own the majority of shares in the company so a proxy battle is out of the question.
What in particular did you hear that leads to the though of IWDM rocketing?
Exactly...Something that is paid for already. So refunding will take two years and at that point they will claim you got all the benefits for the full time and therefore you get nothing.
It will be harder to get a refund then anyone thinks. They are not going to part with their cash easily. Look how long it took to get something you paid for (golden ticket) and you can imagine how long it will take for IWDM to send their cash to back to you.
Might just be market makers rounding out their books.
Really?
Seems that we got the news already. New shows (dog shooter, and some other dude), we got Michaels and Chase (Strategic advisors and some unknown dilution).
So we got the news and it seems the market does not like it, or is just indifferent to it. I think smart money can read a balance sheet and is therefore avoiding IWDM.
Smart money would probably lighten up here before there is a true rush for the exits. With such low volume should someone need to liquidate more than 50,000 shares you will see the bottom really fall out of this bag.
How is it that they have the cash? Do you know the Q3 numbers already? Or are they just spending the few bucks they have left in the bank? Or did they further dilute without informing investors?
What do you mean by "Major"? What type of news should be considered major?
Time to focus on facts...Next "news" will be the Q3 numbers. Most importantly cash on hand.
Did the UYR Deal close? I don't see a SEC filing.
If Michaels is running the show and has been for sometime, why would this be good. During this time the stock has done nothing except fall.
There is no way they refund early enlisters. They can't afford it. They will just say you get something different (bait and switch). If they do tell you that you got stock then there are some legal ramifications of insiders selling stock off market at outrageous prices.
Ok but where is the revenue?
If they have to refund $600,000 where does that come from?
Wow it is defcon 1 at IWDM. Any refund will bankrupt them.
$200 refund for 2888 people. Ouch
On the backs of loyal and naive Bubba followers. They will not be so willing to pay up this time.
Also there was 10's of millions less shares outstanding in January.
A 500% increase in a blink of an eye? That is pretty lofty, even for IWDM.
So IWDM is going to add over $40 million to its market cap in the blink of an eye. With less than $2 million in revenue? WOW...
Buy with both fists is morphing into moving faster than you can blink.
How is it that an Investor Relations firm heats up a stock?
Institutions, equity investors and other investors interested in the radio and internet space know about IWDM. They don't need an investor relations firm to tell them about it. The investor relations firm basically handles admin functions and takes calls and inquiries from retail investors.
An investor relations firm adds no value to IWDM it only adds monthly expenses. They have to pay them in order for them to do a job, and they do not accept shares of IWDM as a form of payment.
With no revenue and no cash? That is terrific!
The exciting news everyone has been talking about Michaels, Chase etc...has already been announced, and it has done nothing for you, so I would love to know what magic is going to take IWDM to .25.
Buy with two fists though....
IWDM cannot be saved by a guy who shot his dog and his wife.
IWDM is probably going to pay this guy with stock too. Lets hope they do as they need to conserve cash. Depending on the size of the dilution for UYR and now the dog shooter, we may be pushing 200 million outstanding shares.
IWDM keeps get more and more bloated. The Q3 earnings release in Oct/Nov should be interesting. I say less than $200,000 in cash at the end of Q3.
This news was out all day today and investors did not seem to care. They are more focused on IWDM being a going concern.
Is he is on the free channel, if so what does it matter?
If this meant anything IWDM would be singing it from the rooftops.
Fact of the matter is 1 week into the new "regime" at IWDM and nothing. The only thing is an ill timed or ill informed announcement about a new board member with no 8K.
Make sure to load up with two fists, not many doing that so there is plenty out there.