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hey, it's almost like he copied the same email to you as me! crazy, same order of words and everything.
I'll save you the time of writing your email unless it makes you feel good, but chances are this will be your response:
"Idle Media will no longer be making comments as to future releases or filings. We will release any potential filings or releases when the time for them is appropriate and will not make comments about future plans before then."
As with you, I got the same canned response to my first email asking about the Form 15. I think the SEC has got them by the nuts right now, maybe that's a good thing given some of the tricks they've tried to pull in the past.
company is valued at a little more than $4.53MM right now.
O/S: 64,746,743
Restricted: 45,263,493 shares
Treasury: 4,000,000 shares
Float: 14,583,250
Value of the free trading float right now is right around $1MM
Someone thought 0.06-0.07 was a good place to buy. Right now I'm not in that camp, no buying from me until I see some direction from these guys.
They definitely have incentive to increase the value of the company. If they are anything like me, if you have the opportunity to make 300,000 or 1,000,000, you go for 1,000,000.
Right now i'm a buyer at $0.01 if we dare go that low (datpiff is worth way more than 650,000, i'll load the whole damn boat, truck, and everything at level). With this float, our revenues, and datpiff + other properties, ain't going to happen, so those saying sub-penny, good luck.
means we'll be a pinksheets stock intentionally now. I guess it saves a lot of money on compliance and time spent dealing with SEC, then that is resources that can be spent growing the company. Obviously not the idea track we were looking for, but if they're spending 25% of their time on compliance matters and 10-15% of their revenues on compliance, then at this time maybe it is not worth while.
what we do need now are some business plans, pr's, etc. hopefully something to move this stock. one thing is for sure, management has some incentive for growth in share price.
LJPC I added at 0.1597 earlier although I must admit this is some relentless selling, 10M shares traded and no change in price. Hopefully as sheff says a case of volume before price, but the distribution here is worth noting. I wonder if any of the institutions are shuffling their portfolio for year end since they're up 100%.
i think revenue dropped because of several reasons, they've been under audit and dealing with this financial mess for years, so that has been a drag on efforts to do anything else. They pared back their staffing so they have less resources to devote to new projects.
IMO, I think this is a good step to get this behind us and they can be in the clear going forward and save some expenses while they regain their footing re-establish their connection with the shareholders via press releases and improved communication.
My current holdings
CPRX - half position, took half off the table on the pop last week for a small profit, was a little late to this party buying in at 2.02.
PGNX - overweight position, sold some at 4.79 and some feb 5 calls, will wait and see how it holds up next week. Tax loss activity is over so hopefully it will consolidate above 5.25.
SQNM - picked up some Jan 2.5 calls on Friday
exited DRRX last week for a 6% profit, ACHN for 8%, IDRA for 11%
watching: SNTA, ACHN, ETRM, CHTP, DRRX, IDRA
probably some easy tax losses for someone trying to offset some gains in the rest of the market where stocks are going up, unlike our little IDLM. I feel like that's going to change soon here, we'll see.
nice bidding at 0.09 today, looking to pick up some tax loss shares? last day to sell is today or tomorrow right?
let's keep it on topic here. 12/31/13 10-k is due, i'm hopeful that if we don't see a filing, we'll see an NT-10K filing and then have what we need submitted on time this go-around. Again this will be 2 full years under Haddock, the time is now to get this done.
QVT Associates have sold around 600,000 shares (they're a 10% owner) in the last week or so of December, my guess is this is some tax loss selling because they were just buying shares in July for $6 per share. Even with this selling pressure, still managing to move up. Should start to ease up the last few days in December IMO.
Holding some 3.15's and 3.27's to see where it goes from here, I like the higher consolidation levels as it tries to break into the gap, would have preferred to see it make a higher high this run but it held onto most of its gains today. We'll see what Thursday brings.
Can't usually post here but wanted to say a quick thank you Sheff, I've learned a lot in a short period of time following your trades, trying to see what you see, and following your due diligence. I'm up 122% since July in one account and 25% in a second account since October.
Thanks again and Merry Christmas and a Happy New year to you and your family and may 2014 be a prosperous one for everyone here.
so if i'm correct, we need 2 years worth of data to file an updated registration under the 1934 act. Dec 31 will be the due date for 2 years of data under Haddock's helm. i'm cautiously optimistic. These $0.10 shares may be a good risk/reward if you want a cheap ticket *should* they release the financials and get registered correctly.
yup, no covering yet, we have yet to see the real move. This should be a big one in January, time to start punching your tickets for the ride.
financials coming IMO, this train is about to get rolling. I have a feeling, it's been long enough
nice first post. game has 10,000-50,000 installs on android devices. has had multiple updates and i've encountered no problems on the game that would even warrant contacting the company for support.
IDLM - approaching overbought territory... lol
$0.10 just hit
i hope your right, i took out a loan for a new Tesla Model S that I currently can't afford unless this stock goes to $1, so if it doesn't go there, i'm blaming you sir.
well well what do we have here, some ask slapping?
PGNX Analyst Raises PT to $11 from $9 (Brean Capital)
http://stks.co/jxeX
Progenics price target raised to $11 from $9 at Brean Capital
Brean Capital raised its price target on Progenics following the announcement it will relaunch its Azedra trial. The firm views this as very positive as they believe an FDA panel will recommend chronic use of the drug class and the US market potential is at least $300 million. Shares are Buy rated.
any kind of liability shahean / shell folks could have for swindling that kind of deal?
nice move here today, set up for a nice run with multiple catalysts 2014 Q1.
1.90 in premarket, boom!
my money is on something happening in January with now two full years under haddock, hopefully clean books all that time, fresh start... imo
re-file the 10-12g and not worry about the shenanigans that were on the books at that time in 2008-2011.
in at 1.40 on Thursday, looking for a healthy bounce here with financials out of the way.
this is what i believe to be the case. time will tell. someone apparently thought this today too
aaaand Meek Mill crashed Datpiff, again.
no, that was our offense lol... our defense quit the team years ago
IDLM halted?? lol
LOL just giving you a hard time.
I don't think the SEC is making them wait, they got the "good to go" letter for their 8k they released. Maybe an issue with 2011 numbers and we're waiting to lap 2013 so we have 2 years worth of good data? Problems with the auditors? Impossible to say. Based on my more distant conversations with management, I believe they have good intentions and this is all a major distraction that they are ready to be done with.
I was having a great day and then you come along and stomp that out.
I would like to take a moment and point out that everything that you posted is pure speculation about them "not worried about registering". We don't know what the circumstances are.
huge day, up 32% great job guys
anybody pick up those shares today at the bid? two 50k blocks went through
hm someone is a little interested in whats going on here, something more that we don't know about yet?
the model works well when top mgmt aren't sitting there peeling 50% of it off the top and not filing updated financials
45,000 comments now on the mixtape, keeps going up
36,000 comments now, going up about 1 comment per second right now. Lil Wayne sent the mixtape to DJ Drama now, who knows when it goes up from there.
Definitely think they're hyping this one up and this is partially intentional.