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The Idle Media website states 3M unique visitors, but it hasn't been updated in two years. I believe it's at least 7M now.
Hmmmmm....3.8M downloads....Doesn't seem likely there are only 3M unique users or else a good portion of them downloaded more than once.
Welcome to the Idle Media board. Great things coming here. You have good timing.
Followers increased from 151 to 153. Could be some people coming back that dropped out previously, or could be some new people checking it out to see if it's about to take off. If you are one of the new adds reading this post, here is what you need to know:
The company is solid with great growth opportunity. They announced a restatement in 2011 which has taken forever to complete because of old mistakes that are no longer around. The restatement is complete, and all we are waiting for now are the filings to hit and the SEC to make the registration effective. This appears to be very close. Once it happens, PRs will begin to be released again and Haddock (CFO / COO) plans to begin a marketing campaign to pick up institutional investors. The CEO owns 40M shares - 2/3 of the O/S, and he would like to sell those to new longterm institutional investors for much much higher prices than we have been trading and build a BOD.
When we get the registration statement, the stock will take off. It shouldn't take much of any effort to put it into the 30s, and it will then be free to begin a move up to the real value of the company.
Thanks. It was a very uplifting day.
I believe you are right. It's been a long wait in the dark. We need that registration, the 10K, the 10Q that's due in 2 weeks, and the beginning of free flowing PRs.
IDLM is primed and ready to go.
Less than 15. But of course with on-line friends, you can never know for sure.
It's good to know that 50% of the float is in the hands of a small group of long-term holders.
That's the day we're waiting for.
At this point, you must be approaching 1M
Well it was only about half that much. But IDLM is looking quite appealing today. You might say someone has decided it's time to accumulate. You might say someone knows something. Or you might say someone just decided to have some fun with their cash.
Even if it's someone trading between their own accounts, it's nice to see a little life.
Somebody likes that 13,525 number
Our price more than tripled in a little over an hour. Nice.
Yes. Like a breath of fresh air.
I lost $117K on that $50 trade...
I think someone saw the movie title "Bullet to the head" in your post, took the advice, and their hand hit the auto-sell button on the way down.
LOL! Are you suggesting we go see the movie or just focus on the title?
Is Picasso still alive or did he sell out after the last 8K? Guess we will find out in the next hour.
Thanks for posting Hokie. Good info. Hopefully all of the filings are soon to follow.
You're too kind.
I believe you have the ability to perform the math.
See the following comment in the filing below:
(3) Includes 4,950,000 shares of common stock held by Monteverde LP. Shahean Talebreza, a partner in Monteverde LP, controls the disposition of the shares held by Idle Media, LLC
http://www.sec.gov/Archives/edgar/data/1451520/000107704812000456/idlmfor10ano2.htm
Sorry if the truth hurts? LOL
Don't worry about hurting me. I've stated again and again that there will be no demand until we have the registration approval. I've even given my recommendation which is not to buy until you see the registration approval. So your logic doesn't hurt me at all. What a stock is worth and what it is trading for are two separate things when there is no market.
I think if you are going to use that logic, you should at least use the correct numbers. The low on Friday was .11 and the high was .12. The market has not determined that this stock is worth 10 cents.
Keep in mind that the 3M unique visitors on IDLM's website has not been updated in two years. Since they went silent for the restatement, they stopped updating all numbers. We have no idea how big that number is now.
Or one person trying to get someone else to lower their ask.
Not going to hit the ihub breakout list today I guess
I'm not blind, right? The ask is .168?
HOD <EOM>
And you're getting that ask slapping you've been asking for...
It actually doesn't say anything about moving the 40M shares. It says they will be moving identified revenues and expenses from the LLC to IDLM.
Yes - It's good to get the VIE classification out. And an audit that looks at whether the amount added to IDLM is equal to the amount removed from the LLC should be simple. I will be holding all my shares - though as it has already been pointed out, I'm not going to have the ability to sell more than 1 million shares without registration. I know IDLM is worth a lot more than where we're trading, and as a last resort, the company could be sold for much higher than I would get trying to unload on the open market prior to registration.
I'm tired of being patient, but patience is once again required.
When has the SEC moved quickly? I hope Haddock got agreement that this is the final change required to become registered.
Well you know me - reputation for looking on the bright side - perhaps he thought he could get the restatement, new form 10, and 10K done by today...
Yeah, I'm speculating on that just based on the wording in the 8K.
I think the SEC wants it to go away completely. I think labelling it a VIE was the only way to allow it to continue. If they're not allowing it to be considered a VIE, I think it means they're forcing Marcus to eliminate it and take direct ownership of his shares.
And yes, we agree that this tax shelter thing has cause A LOT of problems for us shareholders.
It appears to me that the SEC is forcing Marcus to eliminate the LLC and consolidate it into Idle Media, Inc.
It sounds to me like Zoeter (Idle Media, LLC) is going away. This will mean that Marcus can't use it as his personal tax shield and will have to take direct ownership of the 40M shares. It also means that the financials from Idle Media, LLC will be added to Idle Media, Inc. I could be misinterpretting. If this is true, I view it as good news. However, I view more waiting as very bad news. I'm very tired of waiting.
It's certainly nice to get information. The last 2 years have been very difficult without PRs.