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Wagz, you claim you have done your due diligence, why don't you share this information here? Isn't the objective of this board to inform alike investors of the future of the company?
If you and/or anyone else hold information (facts, not rumors) that may help sell this stock it would be in your best interest, as a share holder, to post it here. The more sold, the better for you.
In my opinion, you will never see a jump in price like the beginning of the year. The truth to that jump was that the "Bubba Army" bought en masse upon Bubba's spoken word. This will not happen again. Imagine those that bought at .68, do you think they will buy again?
I've said this many times, READ THE Q2 RESULTS (Expenses -vs- Cash).
I believe Bean is bringing Howard Stern...
Howard Stern said he has an IOU from Sirius for fulfilling his obligation on subscriptions on his original contract.
RadioIO + Unation = Howard Stern
Wow, wait until Bean tells this story to Wall Street.
Looks like Tom Bean got another $100's worth. LOL!
So there you go, Tom Bean confirmed on the state of RadioIO, nothing new; free radio to all, prorated refunds to early enlisters if dissatisfied.
No mention of cash infusion, 8-10 press releases, change of board members, etc.
Interesting that he mentioned he's never sold stock and has been buying on the open market! Really? That is laughable. Why in the world would it be necessary for him to buy any on the open market?
Buyer beware.
Bubba's uncensored show to be free.
Wow, epic failure.
There is NO positive spin anyone can put on this. The pay subscription base failed for RadioIO IWDM.
The Fresh Balls, R&R Metal, FEIN, etc., add dollars will not support the extreme expenses.
Bankruptcy imminent.
.08 - Cheap Cheap stock....
What was "told"? What is the difference between IWDM yesterday and today?
They acquired Up Your Ratings, what did they acquire? How and why is this a benefit to the share holders? I will claim ignorance because I know nothing up about Up Your Ratings, nor can I find any information, so I will defer to you for information.
Please tell....
I am really trying decipher this news, can anyone explain what IWDM has acquired?
I cannot find anything regarding "Up Your Ratings" and/or ScenarIO.
What is "Up Your Ratings"? Who/what is this company?
I did a quick Google search and cannot find anything about the company Up Your Ratings. Do they have a website? Anything?
There is no news, new management and/or talent forth coming. These rumors have been floating around for a long time and none have come to fruition.
The Q1 and Q2 results were released and the stock price is settling in accordingly (please see the chart below). When Q3 results are released, and if in line with Q1 & Q2, the price will continue to decrease.
'Buying with two fists' at this point I would consider dead money.
This is a penny stock that has terrible management, zero proprietary hardware/software, talent that doesn't care about the product, and a Q2 report that says they will be bankrupt shortly. (Don't include rumors, only facts, when investing)
The major indices have nothing to do with IWDM, it's slowly bleeding out on its own.
Q2 was released, contained the financial facts of IWDM, and the stock price decreased accordingly.
It was not a good quarterly report, this is not a buy with two fists stock. It is a company with out of control expenses, management & talent that provide zero shareholder value and is a running only on early enlistment cash.
Best of luck everyone. I pulled out of the market 6 months ago and went 100% with precious metals. So, I really have no reason to be here any longer. I'll check in now and again to see how things are going.
Truly, I wish you all the best with your investments. Go long, bail, short sell... we are trying to do the same thing; make money!!!
Not being negative, being honest. There's more to sustainability than just profit...
"Liquidity
During the six months ended June 30, 2011 and 2010, the Company incurred net losses of approximately $510,000 and $513,000, respectively, while cash provided (used) by operations was approximately $233,000 and ($369,000). The Company has not attained a level of revenues sufficient to support recurring expenses."
Best of luck to all!
Better luck with your next investment fellas... I was really hoping it would turn out better for all of you.
Cash out, buy some beer, and enjoy next week.
Also, all 3 stations purchased, WKQX-FM (101.1 MHz, Chicago, IL), WLUP-FM (97.9 MHz, Chicago, IL) and WRXP-FM (101.9 MHz, New York, NY), already have internet streams and smart phone applications.
Why would Randy Michaels buy IWDM?
All 3 stations purchased already have an internet radio stream. Click the links below and see for yourself.
http://www.wlup.com/
http://www.q101.com/
http://www.1019rxp.com/
I think everyone is looking at this from the wrong angle. Randy Michaels is important to Bubba because it may allow him to pick up additional terrestrial affiliates.
The concept of "internet radio" is not special, you can start your own today for $9.95 a month. You can use the same server/streaming company as RadioIO http://www.streammonster.com/prices/icecast
Expenses are equally important as revenue.
As detailed in IWDM's 2011 Q1 report, their monthly burn is +/- $82k. They would need approximately 6k+ new subscriptions (early enlister or monthly) to offset the monthly loss. It has to be assumed that the early enlisters will be around 2500 (based on the $750k+ cash received), leaving the need for 3500+ monthly subscriptions. Based on the server numbers available, I don't believe they have achieved the needed subscribers to become profitable.
Additionally, the expenses should increase with the addition The Bubba the Love Sponge radio network. The BRN received 10,000,000 restricted shares, however you would have to assume he will also receive additional compensation/bonuses in regards to the subscribers.
IWDM's biggest problem right now is expenses, not revenue. They need to control their expenses, become bottom line profitable, and they would have a sustainable business structure. According to a poster here, they have 1 employee (Tom Bean), and I have verified that they currently lease a 2500 sq ft suite on Lemon St (from Tom Bean). Shareholders need to question if indeed IWDM has 1 employee in a 2500 sq ft suite... Why are the monthly expenses so high?
When 2011 Q2 is released, the picture should be clear for all current investors and potential investors.
Have a great weekend everyone!
IWDM does NOT have "plenty of cash in the bank and plenty of opportunity to raise cash if need be".
They have +/-$761k cash and their monthly burn rate is +/-$82k.
Further, "they are NOT shutting the doors anytime soon" is not necessarily accurate either.
The Company requires additional financing, the availability of which is uncertain, in order to continue in business. The Company may be forced by business and economic conditions to accept financing terms which will require the issuance of its securities at a discount, which could result in further dilution to our existing stockholders.
There can be no assurance that additional financing will be available to the Company when needed or, if available, that it can be obtained on commercially reasonable terms. In addition, any additional equity financing may involve substantial dilution to our stockholders. If the Company fails to raise sufficient financing to meet its immediate cash needs, the Company will be forced to scale down or perhaps even cease business operations. This may result in the loss of some or all of your investment in the Company’s Common Stock.
In addition, in seeking debt or equity private placement financing, the Company may be forced by business and economic conditions to accept terms which will require the issuance of the Company’s securities at a discount from the prevailing market price or face amount, which could result in further dilution to our existing stockholders.
I apologize that you and I see things differently.
I post facts, and the fact is, IWDM was not profitable according to their 2011 quarterly report.
When they report Q2, we can debate the facts then.
Thank you.
I cannot speak on behalf of detailman, I merely posted a link where most individuals would start their due diligence and it shows that IWDM is losing money.
IWDM - Three Months ended March 31, 2011
Net income (loss) before income taxes (248,180)
http://biz.yahoo.com/e/110516/iwdm.pk10-q.html
He departed in November of 2010.
Marc Chase was a member of Randy Michaels' disgraced management team at the Tribune.
Perhaps Thomas Bean should do a better job at distancing himself from questionable associates.
Randy Michaels is not an "industry power house", he is a disgraced executive.
A quick Google search of Mr. Michaels leads you to the following NY Times article surrounding his resignation at the Tribune. http://www.nytimes.com/2010/10/23/business/media/23tribune.html
“Though it appears to the rank and file in the newsroom that Randy, Lee and the boys attempted to destroy and desecrate the place.....”
Google, images; "bring it on Bubba"... http://www.google.com/search?tbm=isch&hl=en&source=hp&biw=1440&bih=781&q=bring+it+on+bubba&gbv=2&oq=bring+it+on+bubba&aq=f&aqi=g1&aql=&gs_sm=e&gs_upl=1448l5501l0l21l19l1l2l2l0l486l3053l0.1.4.4.1
Bubba promotes, Bubba, TB, Sirius and CRI.
As the main talent for RadioIO & board member of IWDM, I think he could a little better job at promoting "the next thing in radio".
I guess you're right again. IWDM should do nothing to promote their product. My mistake, I apologize for my inexperience.
Thank you.
No mention of RadioIO. Another failed PR opportunity by the company, Board Member, and main talent.
It is shameful how little the board of IWDM is doing to promote their product.
Yes, you are correct, we could easily hit .15, but I like to look at both sides. .07 is also a possibility if someone decides to fill the 40k+ at .10
What happened to Tony's guys? Thought they were going to be on board a few days ago. Are they still waiting on the wire?
Peter, I just checked the level 2 quotes and unfortunately it looks like we may close down again.
About 40k+ at the bid of .10, then we drop to .07.
Yes, I noticed that. In fact there a quite a few companies within the building.
I'm more interested in IWDM specifically. From my research, their address is:
IO WORLD MEDIA, INC.
5025 WEST LEMON STREET
SUITE 200
TAMPA, Florida 33609
Does any know the square footage of suite 200? I'm doing my best to work on a breakdown of monthly expenses. The occupancy and employee wages would be the most substantial, so I need to key in on these first.
Does anyone have this information?
Your assistance would be greatly appreciated.
Does anyone know how many employees IWDM employs? Also, what is the square footage of the building they are in?
I'm trying to figure out the operating expenses for the first quarter of 2011.
Selling General and Administrative $367,000
Others $18,000
Thank you for any help you can provide.
Alexander Edwards III still remains on the board of IWDM as Director & Secretary.
Tuna, I will answer this for you, with tracker144's own post:
ybortacoman: The SEC knows all about Edwards and Stanton
Have you ever looked at Edwards background? The SEC has known about that guy for a long time - I bet the next time they come down on him they'll be a lot touugher this time around.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62652164
As a potential investor, I have been reading this board and have found some interesting information.
Below is a quote from tracker144 regarding Nanobac Pharmaceuticals Inc (NNBP). The current board of directors for NNBP include; John D. Stanton-Chairman of the Board of Directors & Alexander Edwards III-Chief Executive Officer and Director.
tracker144
1st Tampa Pumps it, and then they Dump it...
You were all warned - these are bad people, and the only way you can make money off their stocks is to trade the pumps, and then bail out quick. The faster the Feds gets people like this away from public stocks the better true investors will be.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63727419
Are those figures in 100's?
Over 1 million shares have traded since this post.
However, the price keeps dropping, can you explain why?
Believe what you want, assume what you wish, I'm not here to agree or disagree.
Q2 results will answer any questions people may have regarding the true number of paying subscribers. It will be crystal clear for those with the ability to read the reports.
Are you serious? How can you dispute the information directly from Ice Cast?
I said "one server", I believe there are 10 servers.
Make you own assessment of how many listeners there are total.