Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Timing is also an issue here. In the past year or two, the SEC has really cracked down on pinks and is being much more careful with what they approve. IDLM is experiencing their new policy. I believe the approval process would have been much easier and much quicker a few years ago.
True Wadi. Another point - The SEC doesn't need to buy time. They are accountable to no one and can delay things as much as they want without an excuse. This is part of the reason it's been so long. I think IDLM would be approved already if the VIE thing had been fixed last year. They've gone through everything multiple times already. This consolidation seems to be something that the SEC debated a long time, wanted to take care of, but considered approving. Now that they've finally made their decision on it, I believe it's just a matter of updating the numbers (done), auditing the numbers (not sure this is done. The 8K only said it had been discussed with the auditor, not audited), and then resubmitting for approval.
Risk? Yes, there's risk. There's risk of having to wait, and wait, and wait, until you see that registration approval. I could be wrong, but I don't see the stock doing much of anything before the approval comes.
Hopefully they have the capacity to handle such a huge release and take full advantage of it without crashing the site.
Someone's trying to send a powerful 240 share message. LOL. Go IDLM!
And on another note, welcome to IDLM BKC. Wow, an old sponger. Good stock for me, hope it was a good one for you too.
I didn't answer your question, cause I was running out the door. When you wait almost two years to complete a restatement and get out of the dark, you celebrate what you can. Growing facebook likes are one of the signs that Datpiff is growing. There is no hype on the IDLM board. I'm certainly not counting down to 800K because I think it will convince anyone to buy the stock. Those who are invested in IDLM have been on a long road together and get a kick out of cheering FB likes once in a while.
Hope that helps.
Yes, Wadi. That's a much better response. And of course you know that I don't think anything I post on ihub is going to do anything to the stock price. That should be obvious as well if anyone watches the trading...or lack thereof. So there is a difference between celebrating reaching 800K FB likes and "hyping" facebook likes. FB likes are, after all, one of the few metrics we have for monitoring the growth and popularity of our biggest revenue generator, Datpiff, while we continue to remain in the dark. That is something to celebrate. But if I'm completely honest, the countdown to 800K FB likes is probably driven more by boredom. Gotta pass the time until we get the registration approval, because that is the key to this stock really advancing.
You're not saying anything different than I've been saying. Read my posts.
799,969
You're probably right.
I was wondering if anyone would comment on that. Yes, 800K facebook likes. But when "that day" really comes, what will the stock price do? That is the big question isn't it. I don't recommend anyone buying before they see the registration approval, but at the same time, I wouldn't want to be out of the stock when it happens.
Today is the day
799,494
Datpiff - 799,223 Facebook likes - but that's less than the hits most new releases receive.
I agree. Tape painting on IDLM only matters to the simple and to the theives - those who would be motivated to buy and sell based on a $100 trade, and those trying to fool them. For those that are investors in IDLM, the vast majority, the trading doesn't matter until the registration is approved. Likewise, comments and tape painting don't matter on IDLM at this point because neither of them are going to cause the stock to crash or to take off. Significant new interest is not going to be generated without significant news, and investors with tight hands are not going to dump their shares based on either item.
I know I am not Picasso, and I find it extremely hard to believe that Wadi would waste his time with something like that. Whoever is doing it is likely doing it for their own enjoyment, and getting uptight about it is just plain silly.
And it looks like we had a little paintball going today. Was there more than one person shooting or did the shares come from two different sellers?
"yet they did file it"
This is the positive to take away from it. If they were giving up on the whole registration process, they wouldn't go to the effort. Sooner or later it will happen.
I think someone got their head mixed up - selling at .17.
IDLM - A real company masquerading in a pink suit. A Pink company that doesn't release news in order to release shares. A dark company that actually intends to move into the light.
Needs the registration approval. Could be today, could be later this week or next week. Once IDLM has the registration approval, it moves out of 2 years of darkness. Demand will follow.
IDLM has shown willingness to go to .35 over the past two years on the hope that we were finally there. It has pulled back when it's become obvious that we weren't there yet. I think 40 cents is very reasonable for the day after the registration approval.
That's a nice chart for IDLM. Combine it with the registration approval, and this stock is set for a monster run.
Patience will pay off soon on this one. Thanks for stopping by LAO. I know you have quite a stash of IDLM held tightly in your hands.
Hey, volume's not 0 anymore. Thanks Mick.
Restated financials were filed with the 10/12G. SEC requested a change to incorporate financials from the LLC. An 8K was published to identify the changes being made. Right now we're waiting on the revised 10/12G with restatements identified in the 8K. No guarantees, but this appears to be the final SEC requirement.
In regard to being current, IDLM was current until this latest request from the SEC came just as the 10K was due. We are not current, because the 10K was due on 1/15/13. However, it's only delayed due to the latest change request from the SEC.
It's been a long wait for registration Mick. Not much longer now.
Seems like a good day for a nap
Of course you realized this last time as the rest of us did, and there's no difference between this 8K and the last one except that they spelled it out in a sentence.
I can tell you this - the filing today shows IDLM's intent to make this thing happen. Dotting "i"s and crossing "t"s is a great thing. We don't know the timing. The rest of the filings could come today or tomorrow, or maybe next week, maybe two weeks from now. Do I think the rest will come in 2 months? No. They've already filed an 8K showing all the changes. We're very close.
Somewhat early in the day for a filing. Perhaps we will get more than one today...
Another filing - More progress. We're almost there.
That's ok. You made us green for the day.
If that was to round off to the nearest thousand, I really think it would be better if you rounded up to the nearest 100,000.
Someone wants to hit .208. I just know you do.
Haven't been this high since early December. Pretty soon I will be saying we haven't been this high since January 2011.
Someone wants to hit .20. I know they do.
I agree IDLM is undervalued. However, I'm not sure a comparison to these stocks does anything for the argument. If I adjust the market cap for cash and debt (keeping in mind that I'm trusting Scottrade's market cap numbers which may be a mistake), it appears that IDLM has the highest Price to Sales ratio. However, all these other companies are losing money, and I don't know enough about any of them to determine what their potential is for turning this around. So, I'm thinking the only thing it may prove is that the other companies are overvalued.
It is great that IDLM has no debt, has almost $1M cash, and has huge potential for future revenue growth.
Yes, I believe that's wrong. The lowest I see is 4,200 shares at 20 cents.
There's .20. Nice to see that on the ask again.
"This is still dirt cheap considering where many of us started buying this."
That is not a reason to buy.
IDLM is dirt cheap compared to what the company is worth. This is a reason to buy. However, given the long wait for registration approval, I believe most buyers will wait until they see it before loading up. That will be too late for someone trying to establish a position in the stock to get cheapies at these levels. It's a paradox. If someone believes in the company and is willing to risk a potential wait, they should be buying now if they want more shares. As for me, I have plenty so I am simply holding.