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For me, its not worth the effort to sell.. the broker would make more.
Has Bubba or his crew made any acknowledgement of the share price, on the show? Just curious if they've had any comments and what they're saying.
Like many others, I am so over Bubba. I dont even bother tuning him in anymore, it turns my stomach to listen to him. I'm a subscriber and a shareholder. I only come here for the insights on the stock and penny stocks in general. Kudos to Rasta and a few others for providing balanced unbiased info. I'd like to shove both fists up someone's ___.
This brings up an excellent point.. If Chase & Michael's are "strategic advisors" to IWDM, what exactly have they advised on, attempted, strategized, or completed, on behalf of IWDM? Not a ___ing thing.
Well if they truly had no intention of filing...seems to me that requesting an extension would serve no purpose...they would have just gone about their business of screwing over shareholders... so I think there's a glimmer of hope that, at that time, they had thoughts of filing. Who knows though.
how long before there are repercussions for not filing?
i see they have filled out one form essentially they will not file on time.. does that have to be approved in any sense? what are the next things to happen assuming IWDM does nothing more with repsect to filing?
Is anyone even listening to Bubba anymore? Quite frankly, I rarely turn him on anymore, getting tired of the race track updates. It's not the same calibre show it was 2 years ago, thats for sure.
I hope that's the case, but he'll need a different label other than Strategic Advisor.
last question.. do you really think these guys can work with Bean?
Tracker:
as "Strategic Advisors", I'm curious what you think their roles and ACCOUNTABILITIES will be to IWDM? As an officer or BoD, it would be clear, but Strategic Advisors sound a little vague? The shares give them a vested interest, but I'm looking to see if the interest goes beyond the Up Your Ratings component which sounds like their (Michaels & Chase) Intellectual Property.
just curious.
this sure beats the last newsworthy item about Jake's Wayback burgers!
And it sounds like a differentiator for the marketplace, which is great..BUT lets not get carried away..
it also just sounds like the licensing of a brand new technology (UYR), along with payment (undisclosed shares), and support (Michaels and Chase to babysit this so IWDM doesnt screw it up, lol).
"UYR’s pure play recommendation system (ScenarIO) is designed to deliver a one-to-one, vs. a one-to-many, consumer preference based custom audio product that is specific to the users tastes, locations, moods or activities thus creating a unique audio experience to fit their “ScenarIO”. Also included in the UYR IP are design plans for a proprietary state of the art audio storage, retrieval, and distribution system that eliminates the need for a Content Distribution Network. "
And it doesnt sounds like chase = michaels = zell as we were told for so long.
Happy, but keeping it in perspsective. We're up a whole penny, which sadly means we're up by 10%.
Never, has so much been said about so little! :)
I'm surprised that no one has offered a suggestion that while Michaels appears to have had a presence around IWDM that he was in deed interested in purchasing it or takin the reigns but for whatever reason, declined. He recently scooped up 3 terrestial stations.. I would think if he was going to formally do somethin with iwdm, it would have happened already. just my thoughts...
But once Merlin came on the scene they've done more in a few days than IWDM has shown us in a few weeks or even months. IWDM is established already. But I'll just wait and see what PR's comes out for IWDM, and the next quarter results.
As for RM being a part of IWDM, I havent seen anything concrete - just rumours with the exception of Chase being at the show with Bean. And who is to say that ties RM to IWDM? I'm not sure about that.
It goes to show that RM does know how to publicize and "work it" for a new media company. But we need some postive FACTS about IWDM, not rumours, innuendoes, guesses, etc. But I'm still hopeful for what's to come and that it will have a postive effect for IWDM. I guess I'm just getting impatient like most others here :)
Appreciating these things can take time... how is it Merlin can move so fast, but IWDM needs time?
Tracker, I say this respectfully, as it seems your closer to the inside track than I am.. but based on the whole Merlin deal, I really have to question what interest RM would even have now in IWDM? I'll look forward to the public announcements you're referring to.
agree 1000% it will be huge.
We now know where RM's Focus is, and we've been seeing where Bubba's focus is.
So who's focusing on IWDM?
Reverse merger makes some sense, but I'm still wondering how this circles back to be a good thing for IWDM. I don't think it does.
Read the merlin site and each tab. very interesting on so many levels. Esp their recruitment page lol.
where does IWDM fit into Randy's new Merlin Media??
"NEW YORK, NY (June 22, 2011) – Merlin Media announced today the appointment of accomplished media content leader, Andy Friedman, as Vice President of Internet Initiatives."
Merlin now has a VP of Internet Initatives.
Lot of money being spent up in Chicago/New York.. doesnt appear to be any being spent in Florida. 2nd Qtr reports for IWDM will be very telling.
Bubba will not address this.. He's between a rock and a hard place. How many topics are taboo for Bubba on his show? This is at the top of the list.
I'm speculating here, but it looks like he wants to bridge the gap between traditional terrestrial radio and Internet radio, putting up a stronger front against Satellite perhaps.
Don't be surprised when Bubba's show has found some 'new' markets. :)
that's good news Tony.
Just wondering, if we (anyone) know, are they intending to move off of pinks to another market in the future? Or do they intend to stay as a penny stock? Just curious.
it's his money too, so he does have a vested interest, as do all the crew on the show.
Problem is, they see what we see (and then some), and from my perpsective, he's diversifying. He's setting himself up for 'after radio'.
Bubba was a good catch for Radioio, but IWDM needs more than just that. Sirius uses name power and high personalities to attract customers. What is iwdm's strategy?
he was going on about when to do his racing news (10:05 after the other guys leave), bulldozers, construction,etc and said he would sell his radio empire to get into construction, the guys laughed and made a quip about his empire being at an all time low value. then more about loving bull dozers, construction company wishful thinking and how much he hates radio.
And he's on the BoD for IWDM. In terms of talent, he's the flagship.
I dont think he realized the business BS he'd have to put up with whem jumping over to Radioio. But he's making it clear he's not loving the current situation. And he's not focused on it with everything else going on (read: racetrack).
Not very heartwarming to just hear Bubba announce that he absolutely hates Radio. He'd rather be in construction.
sheesh.
I see NITE on both the bid and ask side, so he looks more like a day trader to me??
Vert seems more intent on selling (dumping). He does have a bid in at 0.0001. I think he's the insider.
I would have to agree. His userbase should have grown, not shrunk, moving from Sirius to Internet Radio. People no longer need a specific radio device / subscription to hear him. They can get a free or paid version on the internet should they want to hear him. I find my listening habits for Bubba have changed as well. When I used to listen to him on satellite while driving, he had me as a captive audience. Now that I'm on my computer, I may or may not turn him on, listen for a while, and then find something else to listen to.
Bubba isnt focused enough on the radio (my opinion as a shareholder). Not being a race fan, I get tired easily of all the talk - but I'm sure theres a larger number who do enjoy it. I think the quality of the show is not where it should be.
I think he's spreading himself around so he has something to fall back on if this (internet radio) explodes in his face. But he's doing it at the cost of what we feel should be his primary focus - the radio show.
And I said it once before. If he ever has a health issue that lays him up..waht will happen. It's all too dependant on him. How long can he keep this pace up?
Add to this, the whole diatripe we've been subjected to here, and I'm not feeling warm and fuzzy. But I'll stick with what I bought (my success does not depend on Bubba), and see what happens and if it will turn around when all the things dicussed come to fruition.
if only it were that simple.. we've seen it time and time again where someone swoops in with a low ball ask that gets scooped up and drives us further down. Nature of this beast unfortunately.
from the press release:
"It is important to note that the revenue results reported in the first quarter do not reflect revenue that was received during the very successful launch of RadioioLive and the Early Enlistment Program for the Bubba Army. This program was still in the promotional phase during the quarter and the revenue will be recognized over the three-year life of the Early Enlistment subscriptions in accordance with GAAP."
the fact this is happening the day before their first quarterly filing is not a coincidence.
I have to agree.
I'm looking at the math here.. 5.8million of debt = 3million shares.
That works out to about 1.92 per share. Wondering if that's what they see as the value?? If not then why not 6 million shares? Just asking.
It's certainly the next duck to be put in the row :)
Looks like the boys got paid off. Did you notice the stipulation for 2 yrs OR after a change of control??
IO World Media Announces the Conversion of $5,773,778 Worth of Debt into Preferred Stock
IO World Media, Incorporated ("IOWorld" or "the Company") (Pink Sheets: IWDM) announced the conversion of $5,773,778 worth of debt and payables to 3,000,000 shares of Preferred Stock. This action eliminates all debt, payables and any other rights due to officers, directors and affiliates and reduces debt to less than $500,000. The Preferred Stock is convertible to common stock, only after two years or a change of control, at a price based on the price of the common stock at the date of conversion. This action was taken by the Company to eliminate debt and put the Company in the best possible position to encourage outside investment and to increase shareholder value and security.
"The Company's officers, directors and affiliates continue to have an extremely long-term vision for the tremendous value that we believe IO World Media will achieve," said Thomas Bean, CEO of IO World Media. "By converting the debt into preferred stock, it is our opinion that this should position the Company for success in the future and help increase shareholder value."
this is great, we can now all see the bids & asks!!
http://www.otcmarkets.com/stock/IWDM/quote
wow, lots of great information in there, thx to the original poster for the link..
1. Kudos to EVERYONE for discussing it rationally and without attacks!! Now we have some facts to go on, rather than the emotion of waiting for something (anything) to be published. I enjoy seeing comments PRO and CON and today's remarks have been the best. It helps us as shareholders makde the decisions we need to make.
2. Looks like the Executive officers have invested a lot, with no salaries per se.. sure there seems to be some side deals (renting of premises, etc).
3. I agree the numbers are not as imporant as the fact that they are now out there. I also think it was important not much be said by the Executives including Bubba until they got this done. Sounds to me like they are indeed positioning themselves to get off the pinks, to be more credible etc etc. All in our favour.
4. My personal opinion is IF Randy Michaels is coming on board, this was the way to do it. Let the Bean/Edwards/Stanton group take it this far, publish it as they have, and now RM can start with a clean slate, reporting wise. Even though we have been impatiently waiting for news, I was fairly confident this is a process over time that we had no choice but to wait for.
5. I'm seeing a few references to patented technologies. I'm guessing this refers more to the search and download capabilities than the webcast technologies that is supposedly open source and prone to security issues. I'm not sure, just asking.
6. It's apparent, there isnt enough cashflow to sustain current operations, but they're sitting on lots of stock, that was probably originally valued at 0.01 per share, So selling it @ .20 is still good for them, but as noted throughout all the posts, we see it differently. We're seeing more buys than sells today, which in my opinion is good. Disturbing to see all the dumps, but I think we've understood, why, the report just reaffirms it.
7. All this data is pre-Bubba.. so the 2011 Q1 statements all those going forward, will be the real news, this is just the baseline for comparison. I do have a concern for Bubba doing too much over and above his CORE radio show. He spreads himself too thin! I'd hate to think if a health issue popped up, where his business(es) would be. Besides the obvious concern over anyone's health, what it would mean to his show, shareholder value, etc etc.
Anyways, we're seeing the babysteps we've been waiting for, hopefully we continue to move forward.
Justin, I would suggest just going with the flow for a little bit, and see what pans out. Read and educate yourself, and not just from here if you can. For what it's worth try to find a balance in the two sides here that you are comfortable with. You've already put your $700 in, you can cash out at any time, but to do so takes you out of the game (and potential profits). Look at everything you're learning and I'm sure the beer fairy will still provide :) I'm sure you'll do better due diligence on your next stock buy as a result.
my 2 cents..
well at least we're seeing some relatively decent buys to go along with all those sells. Thats encouraging.
I Welcome the insight so I can stay fully informed based on facts and less so on rumours.
Also personal attacks should not be permitted because someone is giving us an alternate idea. The TOS are clearly not being followed. Debate the message, dont attack the person.
We're all here to make some money and watch the stock go up, so again the more information we have, the better we are.
that was the point of my post.
You go to an agency like that for a reason.
I'm kind of surprised no one picked up on this:
from: http://www.prnewschannel.com/absolutenm/templates/?z=32&a=3597
"About The Publicity Agency (A Selig Multimedia Company): The Publicity Agency (TPA) is a leading full-service public relations firm specializing in landing clients in the news and in crisis management. TPA is well-connected and because of an aggressive reputation that’s tempered with honesty, integrity and fairness, TPA has earned the respect of the largest news and entertainment shows in the U.S. and their respective decision-makers."
Then the tweet yesterday about being the worst day ever, and now Bubba is taking a personal day? Sound serious.
Hopefully its not a case of connect the dots here.