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Marcus wants to sell his shares for $1 or higher. The only way he can do that is to get the market price up.
It could happen any minute. It's been way, way too long already.
No shares are being released. The company is covering its costs with its cashflow. Management owns 3/4 of the shares - there's an obvious incentive for them to get the price up. I don't see any reason to be concerned, just extremely frustrated.
Interesting 70K trade at 3:57
Probably people attempting a flip with the shares they sold today. Give us the filings so they will be forced to buy back at a higher price.
I think it was choppers.
Good strategy. I like it.
1,000,000 Facebook Likes combined for DatPiff, HipHopEarly, and ClipCartel. Maybe today is our day...
DatPiff - 868,269
HipHopEarly - 119,286
CliCartel - 12,445
I haven't been making any predictions. How's this? I hope we will be registered today, but don't think that will happen. I think we will have new info and even be registered within 30 days. I expect this will be wrong. I expect we will be registered within 90 days, but after almost 3 years I have no idea.
The SEC communications uploaded to Edgar last week are a very good sign. Close is a relative term. Registration could come this week or it could come months from now. However, I don't recall anyone getting excited last week "by some moderate volume". The excitement was from the uploads...
And actually, I think the most excitement came from that fish you caught.
995,792 Combined FB Likes between DatPiff, HipHopEarly, and ClipCartel. Almost to 1M.
But will we be at 2M before we're registered...that is the question.
In other words, if the trend continues and Datpiff continues winning traffic away from Livemixtapes, you can add the value of both websites together and make Datpiff worth $50M in the future.
Worth $8M more than Livemixtapes.com
Interesting analysis. Value of Datpiff:
Not sure where / when they got the data. Says FB likes are only 49K.
http://www.worthofweb.com/website-value/datpiff.com
And what if they change the name of the website and put a link on Datpiff.com?
I have no idea. The website has been owned for many years.
http://www.gripteez.com/
Want some clothes?
Step 1: Wait 1 year for a restatement
Step 2: Wait 3 months for Re-registration
Step 3: Wait 1 year (or more) for Registration approval
Step 4: Reap reward for your patience
I agree. Once step 3 is officially done, we go up to or past last summer's highs very quickly.
LOL
Nice catch
Believe me, there's a lot of skepticism here. I won't get excited until I see the word EFFECT in the filing column for IDLM. But the additional items released this week provide a level of relief for me after months of nothing. I have nothing against your skepticism. But it's obviously much less than a few days ago since you are now only willing to sell for $0.13 rather than $0.09 or $0.10.
You say you're going to get out, but you don't. I think we need exactly what I think you said we need - more filings. I think, as Wadi stated, we will not get significant volume or a significant run up in price until the key filing (EFFECT statement) is posted. In them meantime, If you say you're going to get out, do it. Otherwise hold and admit you're being patient because of the opportunity in front of you.
"So, if you want to up your bid by 2-3 cents...I would love to finally move on and not have to worry about my Idle stock tanking to zero."
The bid was 7 cents when you said this Raggy. Why haven't you sold?
Yes, and if Choppers was correct, they were working on finishing the most recent 10Q a month ago. Everything's coming together.
It appears this one is the key response and Haddock responded to it on 2/21. So the big question is what has been going on since then.
http://www.sec.gov/Archives/edgar/data/1451520/000000000013008282/0000000000-13-008282-index.htm
Here you go Raggy. The bid has been raised. Dump your shares.
No change. That seems to be the way it always is, with share structure, with no news, with waiting...
Another Pro - CEO owns 40M shares and this company is his baby. He has no interest in diluting the stock price to zero, because he could make much more money by selling the company due to the amount of shares he owns. However, this company is his baby, and he understands he can make a whole lot more by completing the registration process and growing the company. Best case, the registration process is completed and Frasier grows the company to make hundreds of millions for himself (and a lot for us). Worst case, the company fails to re-register and he sells the company for much higher than it's trading today to get as much out of it as he can.
O/S / Share Structure - No Change
6/6/13
Current Idle Media structure:
Issued: 64,746,743
Outstanding: 60,746,743
Float: 13,533,250
If you move up to .08, maybe this person has another 50K to unload. I don't think .04 is likely.
And there's a chance to make some right now. Buy those 45K shares.
We're definitely getting a filing on Wednesday. Of course it may just be an NT-10Q.
Keep in mind that they own more than 45M shares. They definitely have an incentive to get this done and get the stock price up as soon as possible.
One correction Choppers - you should have said "they got paid years ago by someone who has been eliminated from the company" rather than saying "they get paid in stock".
Nice job GSI!
Good words Choppers.
Me, too
Don't associate any birds with me. I don't make comments like that.
Well if you bought 10K, I know where the other 10K went and I'm happy with both buyers. Shares are in strong hands. And no, the other buyer was not me.
I'm with ya Wadi.