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I think someone painted this morning, no doubt about it. pretty shameless and selfish if you ask me, but that person probably loves themselves for it and their ability to do it.
edit: and it is what it is and will continue as long as we're a wide spread thinly traded stock. Hopefully the company will continue to right the ship and get us back on course.
well looks like someone decided they had enough.
you're right mickey, it's 65 million and will be that at the TA until they update it. So we're left to question whether the company is falsifying their documents with what they post, or if the TA is just slow to update. I'll guess we'll find out in due time.
No change in the free trading float though right?
fair enough
we've got 809,000 in the bank at 9 months ending Jun 30, with net revenue YTD of 101,000. We're on track for a great year considering our revenue is indexing 147% of where it was at this same time last year through Q3. Yes recent periods are trending with a net loss, but we're also not forking over $100,000+ in money to the government in the form of taxes, instead using money to invest in future growth of the company (and yes executive compensation as well).
It'll be a juicy 10-k, i'm excited to see it as well.
yeah i'm sure folks are mad, heck i'm mad it took this long. But Mickey, what's a share holder to do right now? We could sell, but that would be short-sighted IMHO, unless you have the time to make quick trades on other speculative stocks. I'm sure there are many other stocks that will give a quick profit sooner than IDLM. I don't have that time.
o really? what are you insinuating? They did some manipulative deal at .05 and are now dumping those shares on the market? That totally fits the track record of what we've seen here.
1. Yes, T/A is slow to update
2. Yes, stated share structure in 10q/a 10-12g/a at one time did not match the T/A
3. Yes, they have modified the share structure and have not given full details on changes to the share structure.
4. No, we don't yet know the final destination or origination of the 5M shares that were purchased at 0.05.
Thanks for looking out for us all, it's so nice of you.
new 10-q/a posted, looks like this one was posted to update the tagging to "level 4" as required by the SEC (new requirement for all companies I think). I did a very quick glance and didn't notice any obvious changes, so anyone else if you find anything post it up.
If some of you guys would do some DD instead of pissing and moaning about why we have a slow t/a that lags updating the numbers... you would easily.. EASILY find that there is several things going on... its out there you just have to dig. An easy one is the fact that they now have android, iphone, and ipad apps for mafiablock, with more on the way. If they would get their damn registration, then they could actually tell us about it. I continue to hold, yeah the timing of the exec compensation isn't awesome, but its there so be it. Im not going to let that ruin my day, its not like they continue to open up 504's to fund the operation. They have a big pile of cash that they are investing to GROW the company and expand. Grow and the revs will catch up, and if not then dial back and re-evaluate the strategy.
Thats my 2 cents
i don't think they have their effective registration yet...
when we get a PR, then we'll know. I don't know if anything actually gets posted up with the EDGAR system.
i think getting an effective registration from the SEC is next, followed by PR's.
uh guys, we freaking uplisted today? holy ish I can't believe we are sitting here quibbling about this and that.
We achieved a MAJOR milestone in the re-birth of this company. All things aside with the share structure, we took a MAJOR step forward.
Yeah it took a while and yeah we pay a nice salary to a few folks in the company, but they are driving positive revenue growth while taking minimal losses (losses of which are easily covered with cash on hand meant for investment in growth)
the stock market is about speculation, we speculated for 2 YEARS about whether or not this company would clean up their act. Fact is, 6 months ago we were dark, not registered, non-reliable financials.
Since we are talking about facts, here are some facts:
> We are uplisted to the OTCQB
> We have 2 years of audited financials
> We are current as of our last required 10-Q filing
> The company is not financing operations through the issuance of shares (no 504 statements filed)
> The company issued 5M shares with undisclosed performance measures for Raphael Haddock
> The company issued stock options to Marcus with clearly defined performance measures of .50, $1, and $2.
> We do not yet have proof of an effective registration with the SEC, but we do have proof of communication via the re-release of a 10-12g/a and continued filings
> The company has purchased 4million and change shares from an undisclosed share holder at $0.05/share who is not a 10% holder of the company (per 8k filing)
> The T/A updates very slowly, it took 1-2 weeks to reflect the addition of Haddocks share bonus.
> The re-purchased shares at .05 are not accounted for by the T/A yet, and are still part of the OS.
All of this IMO is priced into the stock. Make your own investment decisions based on your own DD, not the DD of those who post to this message board. I have done my DD and I'm very comfortable with what I own. I haven't even begun to post the facts about their site content (like the mixtape that dropped last week with 1M downloads already)
nice to see haddock get it done once again. fully reporting just like they said they would do. now let's get the news flowing
Any way you slice it, this is a great deal. Yes it is a short term hit to cash flow, BUT if these shares in fact belonged to Swarynski, it removed a major roadblock. 5c per share is a steal when we're already at 30c.
that was my thought, definitely great news!
Idle Media, Inc. [IDLM] files SEC Form 8-K
Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On August 29, 2012, Idle Media, Inc. (the “Company”) entered into a stock purchase agreement with a Stockholder of the Company. Pursuant to the agreement, the Company will repurchase 4,000,000 shares of its common stock for approximately $200,000 or $0.05 per share from the Stockholder.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
IDLE MEDIA, INC.
By: /S/ Raphael Haddock
Raphael Haddock, Chief Financial Officer
so call up the company and tell them how you feel?
I don't know what else to tell you.
I know what I own, and selling here would be a little short-sighted, knowing and considering all of what I've been able to uncover in my personal DD.
Lil Wayne is dropping a new mixtape on datpiff today
http://www.datpiff.com/Lil-Wayne-Dedication-4-mixtape.385544.html
what's a few more weeks when some us have been around for over 100 weeks. it isn't a matter of if, but rather when we will get the final word from the SEC and start issuing PR's, coupled with an uplist to OTCQB. We've got A+ leadership in Marcus and Haddock, doing things the way they are supposed to be done instead of spewing our fluffy PR's so they can sell shares.
we'll get there, we're much closer than we were weeks ago and .30 is a great launching point for the new phase, much better than .10-.15 where we were.
chart cooling off nicely, sell pressure is fading and RSI has reset back to .50. MA(50) acting as a nice support line. ready for a stronger move up that will hopefully be ignited by some news
yeah that put a bit of a damper on things, but we've digested quite a bit lately and if we can hold the upper .20's, that's good shape considering on the last move we were working to hold the upper teens.
Still plenty to look forward to here, and nothing has changed on the business front, instead they continue to grow.
my fault I made a typo, I meant OTCQB.
::slaps forehead::
my friend that is a NICE position to be in. well played
big volume 47k share block just went through
NICE volume for this freshly minted OTCBB CURRENT company. Next stop.. OTCQX
well some folks got a great deal and that's 60,000 less shares we have to deal with in shakey hands. (shakey enough to hit market sell or fat finger the sell price)
another day in the books, another good volume day. We got our 10-Q and are another step closer to our uplist
easy way to beat this game is orders less than 5k shares above the best ask, and AON orders above the best ask in nice even lots.
someone just trying to scare folks
it's alright, this is good consolidation. We've had many up days in a row, a little pull back to churn some shares will not hurt. Solid support in this range and so far no one willing to push it below .34, I think we're forging a new base at this level.
This way when the PR's start to flow, we'll be launching from a higher point than we were weeks ago.
Revenues have surpassed 1 million per quarter!
that is huge, growth continues. wait until we start launching more sites on top of what we already have.
Good post wadi, i agree.
It is good that his shares are restricted with performance objectives. This is much better than unloading an undetermined amount of shares on the open market to raise capital for the operation. The operation is performing VERY well and GROWING. I see no issue with rewarding those for driving this company in that direction. Haddock has done a remarkable job getting things cleaned up.
RESULTS OF OPERATIONS (copied from 10-q)
Results of Operations for the Three Months Ended June 30, 2012 and June 30, 2011:
Revenues . Revenues increased to $1,002,179 in the three months ended June 30, 2012 from $678,960 in the three months ended June 30, 2011, representing a 48% increase. The increase in revenues is mainly as a result of an increase in advertising sales. The advertising revenues can be attributed to the success of our website. As traffic increases on the website, advertisers are more inclined to purchase space from us.
Cost of Sales . Cost of sales increased $118,767, or 36%, to $448,137 in the three months ended June 30, 2012 from $329,370 for the three months ended June 30, 2011. The increase in the cost of sales is a result of an increase in developer expenses of $142,661, an increase in server costs of $59,151, and an increase in merchant fees of $9,624, offset by a decrease in promotional purchases of $3,832. As noted above, the increase in traffic to our website requires additional costs associated with the running and up keep of the website. The increase in developer and server costs correlate to an increase in traffic on our website.
17
Gross Profit. For the three months ended June 30, 2012 and 2011, gross profit margins were 55% and 52%, respectively.
Selling, General and Administrative . Selling, general and administrative expenses increased $329,605, or 114%, to $619,152 for the three months ended June 30, 2012 from $289,547 for the three months ended June 30, 2011. The increase was the result of an increase in administrative salary expenses of $137,447, an increase in advertising expenses of $197,506 offset by a decrease in consulting fees of $155,468.
Depreciation and Amortization . Depreciation and amortization expense increased $2,128 or 24% to $11,013 in the three months ended June 30, 2012 from $8,885 for the three months ended June 30, 2011. The increase was the result of additional assets purchased and placed into service during the period.
Research and Development . Research and development expenses decreased $12,399, or 100%, in the three months ended June 30, 2012 from $12,399 for the three months ended June 30, 2011. The decrease in research and development expenses was the result of the Company focusing on existing websites.
Loss from Operations . The Company had $77,338 in net loss from operations in the three months ended June 30, 2012, an decrease of $4,163, or 5%, from the net loss from operations of $81,501 during the three months ended June 30, 2011. The decrease was the result of increased revenues from operations off-set with the decrease in research and development expenses.
Net Loss . In the three months ended June 30, 2012, the Company generated a net loss of $50,242, a decrease of $12,262 or 20%, from $62,504 for the three months ended June 30, 2011. This increase was attributable to an increase in revenues off-set by a decrease in research and development expenses and a decrease of $8,099 or 43% in our income tax liability.
Results of Operations for the Nine Months Ended June 30, 2012 and June 30, 2011:
Revenues . Revenues increased to $2,741,831 in the nine months ended June 30, 2012 from $1,996,570 in the nine months ended June 30, 2011, representing a 37% increase. The increase in revenues is a result of an increase in advertising revenues of 834,577 or 48%, an increase in other revenues of $9,670 or 87%, off-set by a decrease in subscription revenues of $98,986 or 43%. The increase in revenues is mainly as a result of an increase in advertising sales. The advertising revenues can be attributed to the success of our website. As traffic increases on the website, advertisers are more inclined to purchase space from us.
Cost of Sales . Cost of sales increased $136,486, or 16%, to $999,549 in the nine months ended June 30, 2012 from $863,063 for the nine months ended June 30, 2011. The increase in the cost of sales is a result of an increase in developer expenses of $98,990, an increase in server costs of $39,666, and an increase in merchant fees of $1,860. This was off-set by a decrease in promotional purchases of $4,030. As noted above, the increase in traffic to our website requires additional costs associated with the running and up keep of the website. The increase in developer and server costs correlate to an increase in traffic on our website.
Gross Profit. For the nine months ended June 30, 2012 and 2011, gross profit margins were 63% and 57%, respectively.
Selling, General and Administrative . Selling, general and administrative expenses increased $808,287, or 106%, to $1,568,221 for the nine months ended June 30, 2012 from $759,934 for the nine months ended June 30, 2011. The increase was mainly the result of an increase in administrative salary expenses of $374,590, an increase in advertising expenses of $495,909 offset by a decrease in consulting fees of $129,851.
Depreciation and Amortization . Depreciation and amortization expense increased $5,279 or 20% to $31,672 in the nine months ended June 30, 2012 from $26,393 for the nine months ended June 30, 2011. The increase was the result of additional assets purchased and placed into service during the period.
Research and Development . Research and development expenses decreased $18,311, or 83%, to $3,751 in the nine months ended June 30, 2012 from $22,062 for the nine months ended June 30, 2011. The decrease in research and development expenses was the result of the Company focusing on existing websites.
Income from Operations . The Company had $138,638 in net income from operations in the nine months ended June 30, 2012, a decrease of $186,480, or 57%, from the net income from operations of $325,118 during the nine months ended June 30, 2011. The decrease was the result of an increase in revenues and a decrease in research and development expenses, off-set by an increase in selling, general, and administrative expenses and depreciation and amortization expenses.
Net Income . In the nine months ended June 30, 2012, the Company generated a net income of $101,020, a decrease of $103,750 or 51%, from $204,770 for the nine months ended June 30, 2011. This decrease was attributable to an increase in revenues, a decrease in research and development expenses and a decrease in income tax expense, off-set by an increase in selling, general, and administrative expenses, an increase in depreciation and amortization expense.
Liquidity and Capital Resources
As of June 30, 2012, we had $809,675 in cash and cash equivalents, $163,695 in accounts receivable, and $40,000 in prepaid expenses.
So revenues are up nicely, almost 1M per quarter now. They are ramping up their advertising to grow their datpiff brand. Overall income took a hit from their growth of staff, but nothing wrong with expanding the company, we know they have projects in the works we don't know about. Let's see a PR now with some nice forward looking statements!
IDLM 10-Q Released
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8780281
0.35 X 0.359 bid moving up
here we goooo!
WOWOWOW!!!! HUGE!!!!$$$
IDLM
time to move up those bids..
i can smell the $$$$
nice thing about this company is all employees are on a payroll and take a salary (and yes we're still profitable after all that). They have never issued shares as a form of compensation in the past and I would image that Haddock is not just going to hit the sell button on them, that has never been this company's MO.
These were most likely shares from a former shell holder (he held 5,450,000 shares, take a 3% commission out of that and you get roughly Haddock's amount).
I think this is a very good thing
yeah that's the only logical explanation, since the former shell holder held right about that amount.. now those shares don't hit the market, we know haddock isn't selling any time soon, another 5 million shares locked up tight here.
there's an old saying that applies well here..
"you can't fix stupid"