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If my calculations are correct with concessions for the year-end weekend, today is the official due date for the 10K. We won't have to wait much longer for that. However, we still don't have the EFFECT statement, and that will be the real driver for demand in my opinion.
Here's something everyone can agree on - IDLM Q1-10Q is due the middle of next month.
I do know one thing. Haddock's not a gambler. He will spend a little more to take the conservative approach rather than risking things to save a little money and blowing it all. I do hope they identify registration costs in the 10K.
The more detail the better. I hope we have the ability to pick it apart and understand where every dollar is going.
Excess audits and legal reviews add up quickly.
Yes - We should be able to see the financials with and without the items I mentioned.
Agreed
I think they have a loss from one-time share actions and from costs of registration. My focus this quarter will be on the revenue growth.
Yes, Monday or Tuesday - 10K. We will finally have something to read.
If you look back at one of the filings, you wil find the statement below. This number has now been reduced to 950,000. I believe the 475,000 belong to someone else.
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
It could be governed by the less than 1% of O/S rule. But I don't think he would have to comply with average daily volume. Isn't that just for an affiliate of the company? I don't think he qualifies as an affiliate.
If it is Shahean, I believe it involves some sort of deal. I think IDLM was dead set against taking the restriction off any of his shares. He could have forced them to in state court. Is there any on-line evidence of a court action?
No idea. But the shares that were restricted were the 40M of Marcus, 5M of (supposedly) Sawarynski that the company purchased 4M back - Net 1M, and the shares for Haddock and KP. My guess is that these 475,000 are related to that net 1M left of the original Sawarynski shares, but I have no idea who really owns them.
There's a list available online of the original National Golf Emporium owners prior to Idle Media going public outlining how many IDLM shares they owned - though I think the validity of that list is really questionable. I don't see anyone with a total of 475,000.
Interesting. I'll have to see what I can find out about that. 475,000 shares sounds familiar. Wondering if this might be a correction for an old disconnect or truly some shares taken off restriction.
Edit: On second thought, I think I was thinking of the 575,000 shares originally associated with Sawarynski. I guess we will need to read the 10K when it comes out.
Perhaps as you pointed out earlier, the painting down and up is more related to boredom than anything else?
Only 14,000 shares traded at 11 cents or below in 2012. That's approximately $1,500.
Another important observation in regard to the stock performance. IDLM appeared to be at its worst in December 2011. This was 10 months after the restatement was announced. Almost 90% of the trading below our current bid level of 12.5 cents happened in 2011. That was a long time ago, and we're still operating without PRs. Volume dropped by almost 50% in 2012 versus 2011. I believe this shows that shares are being held much tighter than they used to be - much more of an investor attitude.
IDLM Stock Performance:
IDLM started trading in April 2010. Since then, the stock has traded $7.2M / 27M shares. In regard to the current bid, $147K / 1.3M shares have traded below 12.5 cents. This represents 4.8% of the shares and 2% of the dollars. One interesting thing to note is that it appears only $3K has traded below 10 cents. In regard to the “pumpers”, $190K / 143K shares have traded above $1. This represents 0.5% of the shares and 2.6% of the dollars. Those are nice estimated statistics, but what do they tell us?
I think if we want to examine things better, we should focus on 2011 and 2012. In 2011, 12.9M shares traded. In 2012, 6.5M shares traded. What’s more interesting is that the average price for both years is right around 20 cents. I’m calculating by an average daily sale price, so it might be slightly off, but my numbers show the average price in 2011 to be 20.3 cents and the average price in 2012 to be 19.8 cents. If I was a trader, I guess I might say the thing to do is buy under 20 and sell over 20. As an investor, I’ve done a lot of the first. Looking at the current ask, I guess I might ask why is this person selling? We all have our reasons. Perhaps a low margin flipper, someone desperate for cash, or someone who’s just fed up with waiting.
But what has really affected the trade of this stock? On 2/28/2011, the company announced a restatement. Prior to that it was trading in the high 20s / low 30s and it very quickly dropped below 20 where it pretty much remained for the next year – most of the time below 15 cents. This was quite frustrating for shareholders, with very little information and the elimination of PRs. The next major event was on 3/8/2012 when the company announced they would cease reporting and go black for a period of time to re-register. Though this again was frustrating, it represented a plan. And the stock began moving back to the high teens until 6/13/2012 when the 10/12G was released. This quickly sent the stock back into the 20s. But it wasn’t until mid-August when initial statement of ownership filings came out and quarterly results were released that people really felt we were ready to go, and the stock moved into the 30s. But this was short lived – helped a bit by the announcement that the company had bought back 4M shares at a price of 5 cents each. There was no approval of the registration. We still lacked PRs. And here we sit today, waiting…back in the teens.
What do we take from all this about where the stock is going next? All I can give is my opinion. We have a 10K coming. I also believe we have a registration approval coming, though I don’t know the date. When that happens, we will also have PRs coming and a company focus on marketing the stock. History tells me that this stock will move easily to the 30s when people feel we are ready to move forward. It also tells traders, I think, to buy below 20 and sell above 20. My recommendation: Hold.
Yes, more than half the trades are paint.
You know there's not much trading going on when you can see trades going back half a month on OTCBB.com
$0.1600 1,000 OTO 01/04
$0.1300 8,700 OTO 01/04
$0.1300 1,260 OTO 01/04
$0.1400 4,900 OTO 01/04
$0.1300 5,040 OTO 01/04
$0.1300 4,960 OTO 01/04
$0.1600 6,100 OTO 01/04
$0.1750 370 OTO 01/03
$0.1750 1,000 OTO 01/03
$0.1740 575 OTO 01/02
$0.1330 13,425 OTO 01/02
$0.1051 200 OTO 01/02
$0.1750 1,000 OTO 12/31
$0.1050 500 OTO 12/31
$0.1231 1,000 OTO 12/31
$0.1450 5,338 OTO 12/28
$0.1750 1,000 OTO 12/27
$0.1230 5,000 OTO 12/27
$0.1750 1,000 OTO 12/24
$0.1300 5,000 OTO 12/20
$0.1420 200 OTO 12/20
$0.1421 4,450 OTO 12/20
$0.1350 25,000 OTO 12/20
$0.1900 1,000 OTO 12/19
$0.1300 2,300 OTO 12/19
$0.1300 7,700 OTO 12/19
$0.1058 250 OTO 12/19
$0.1900 245 OTO 12/18
$0.1675 200 OTO 12/17
$0.1600 5,000 OTO 12/17
Hey, it ain't over until the fat lady sings...and I hear she has a mixtape coming out.
Oh I don't know. It seems to me that it's taken forever already, so I would think you would have to say it could take forever and a day.
If you feel confident in the company, now is a great time to buy. However, if you're concerned about the timeline it would likely be best to wait until you see the registration approval.
Hope all goes well for you Cracity, and I hope IDLM is registered and releases PRs prior to the date you need to exit. You've been very patient.
I will also vouch for IDLM management. I have communicated with them regularly and see that they just want to grow a business with a lot of potential. This past year has slowed things down. I also did not forsee all this which started with the restatement in 2011, continued with the elimination of the unnamed who was leading Marcus the wrong way, and is now hung up with SEC approval after going black and coming back out due to the former unnamed's chosen direction.
What we have here is a great company. And even if things were to go the wrong direction and fail to be approved, the company could still be sold for much higher than where it's trading today. It would never be diluted to zero (I should add here that there has been no dilution since inception) because the CEO owns more than 50% of the company and could make much more simply by selling it than releasing endless shares.
Though I'm frustrated with waiting, patience is still required.
I know what I know. Each person needs to take the information available to them and make their own judgment call.
Then you are blaming the SEC, because IDLM is just following their rules to not communicate until the process is complete.
I'm blaming the SEC. You can blame whomever you want.
Because they love to waste our tax dollars. I'm very ticked off that the SEC is dragging this out. IDLM is taking the punishment as a legitimate company for all the scams that are out there. This is what they should have done with 100 other companies that they let through.
LOL
You know I increased my holdings by about 10% back in early June when we were on the verge of getting the 10-12G. I was not wrong with that move. It was a very good thing to do considering how much the stock increased with that filing and the finalized restatement. However, it has been a long wait and I have not sold. I think many like me are not buying until we see the SEC approval, because we don't know how long the SEC is going to drag their feet. But at the same time, we're not selling because the stock is extremely undervalued. As a result, we sit here with very little volume and wait.
But when that SEC approval comes, there's no more waiting. Haddock is anxious to put out PRs and anxious to market the stock. I'm confident he will be doing that once the SEC says, "go".
People can't trade on weekends.
Average dollars traded per day in December = ~$2,200
You call this dumping?
Tax Loss Selling:
December - 213K shares, ~$31K traded
November - 561K shares, ~$91K traded
Prior 9 Month Average monthly - 576K shares, ~$118K traded
This doesn't indicate tax loss selling to me
You made a lot of money with IDLM. Be happy.
Merry Christmas.
LOL. As you and I both know Hokie, IDLM is not a trader's stock at this point. It's an investor's stock. We're sitting here with low volume and low price because few are willing to buy without the EFFECT statement and few are willing to sell because it's underpriced. My opinion:
Buy, sell, or hold?
Buy - For new buyers with doubts or those who have not had personal interaction with IDLM's executives, I would say this is not an option until you see the registration become effective. For those that have been around a while, current prices are very attractive and you need to decide how much you should invest and make your own judgment on whether SEC approval is right around the corner.
Sell - This does not seem to be a wise choice at this point unless you are in desperate need of cash and IDLM is your only option. It's been a long wait, but SEC approval seems to be very close. In many cases, shares are now LT holdings. Significant volumes were only traded between 10 and 15 when the company announced a restatement. When financials were restated and when the form 12G was released, the stock took off quickly and showed lots of life until people realized there was another wait coming. This time, when the registration becomes effective, the wait will be over. PRs can be released, and the company will be free to move forward and market the stock to big investors. Though the share / option compensation packages announced will have a non-cash negative impact on earnings, they certainly show that the best way for our executives to get rich is to get the stock out of the cents and into the dollars. The company has never diluted, and they have a huge vested interest in the price of the stock.
Hold - As evidenced by the trading pattern, this is the most likely option until we see the EFFECT statement. Many holders have the shares they want. For those that want more, they will try to get them at as low a price as possible until they see a reason to take immediate action. The company is growing every quarter. Trying to sell and take a tax loss is too risky when the EFFECT statement could come any day. Patience will pay off.
Painting it up is a waste of time. It's painted up quite frequently, but I don't know who's doing it. I've heard lots of people joke about it. I haven't heard any desperation.
I'm not aware of any desperate longs. The stock closed last week at 9 cents on a 200 share trade, and no one felt the need to paint it up.
I guess the next bid down from .16 wasn't really 8 cents. Looks like .145.
Buy, sell, or hold?
Buy - For new buyers with doubts or those who have not had personal interaction with IDLM's executives, I would say this is not an option until you see the registration become effective. For those that have been around a while, current prices are very attractive and you need to decide how much you should invest and make your own judgment on whether SEC approval is right around the corner.
Sell - This does not seem to be a wise choice at this point unless you are in desperate need of cash and IDLM is your only option. It's been a long wait, but SEC approval seems to be very close. In many cases, shares are now LT holdings. Significant volumes were only traded between 10 and 15 when the company announced a restatement. When financials were restated and when the form 12G was released, the stock took off quickly and showed lots of life until people realized there was another wait coming. This time, when the registration becomes effective, the wait will be over. PRs can be released, and the company will be free to move forward and market the stock to big investors. Though the share / option compensation packages announced will have a non-cash negative impact on earnings, they certainly show that the best way for our executives to get rich is to get the stock out of the cents and into the dollars. The company has never diluted, and they have a huge vested interest in the price of the stock.
Hold - As evidenced by the trading pattern, this is the most likely option until we see the EFFECT statement. Many holders have the shares they want. For those that want more, they will try to get them at as low a price as possible until they see a reason to take immediate action. The company is growing every quarter. Trying to sell and take a tax loss is too risky when the EFFECT statement could come any day. Patience will pay off.