Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It means you got suckered and had your money stolen from you.
And it's over. RIP IWDM
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9560476
Basically a reverse merger and 100:1 reverse split. So the EE folks will now have 3 shares.
Is anyone really surprised that this event has little to no impact on the IWDM PPS.
This has been telegraphed since the first time McAdoo bought stock.
Oh man they just gave Julia Miller 30,000,000 shares, they now have to amend the Articles of Incorporation since they have gone over their allotted shares.
They gave 10,000,000 restricted to an unnamed consulting group.
Whatever IWDM turns into it will have to do a major share reorganization to ever see the PPS appreciate.
Yeah his thoughts are very important. Still think there is a method to the madness?
It pains me to say this (no actually it does not), but I Told you So.
Text book penny stock manipulation, many were warned, but few listened. What a shame.
This is the end of a truly devastating era for shareholders of IWDM.
First came the pump where the unsophisticated Bubba Army investors got fleeced with shares in the .30's-.60's. They lined the insiders pockets, and the share price never appreciated again, then came the Early Enlistment scam. The EE money was scammed and spent, and those responsible will now wash their hands of IWDM.
IWDM will become a different company, possibly in the Internet music business, or possible used for a reverse merger.
IWDM announced quarterly earnings today. Before the sadness I want to bring you comic relief from the filing. Seems IWDM is in the "ramping up" phase!! "As a result of ramping up its operations as an Internet radio provider, the Company realized a net loss of $305,285 and $143,463 for the quarters ended June 30, 2013 and June 30, 2012, respectively"
Sales are down and expenses are up...That is with realizing almost $70k from EE program, we all know that money has been spent already.
More Dilution (even though the shares have not been issued)...On June 20, 2013 the Company entered into an agreement to issue 5,172,414 restricted common shares to Zanett Opportunity Fund, LTD for an additional investment of $30,000. As of August 12, 2013 the funds had been received but the shares had not yet been issued.
On April 20, 2013 the Company entered into an agreement to issue 6,000,000 restricted common shares to Zanett Opportunity Fund, LTD for an additional investment of $60,000. As of August 12, 2013 the funds had been received but the shares had not yet been issued.
The IO Live (bubba and some other no name shows) are not growing revenue...RadioioLive revenue consists of subscription and advertising fee revenue. Revenue decreased by $23,297, or 5.8%, for the three months ended June 30, 2013
Approaching 5 days without any volume...
Is there still a method to the madness?
Make that 3 full trading days and 0 shares traded
IWDM has not traded a share in over 2 trading days? Has everyone finally given in to the fact that IWDM is a doomed and failed business?
It is about time...Sad to see the amount of hard earned investor money was lost. Not pleasant to be scammed but even worse to be scammed live on the radio!
Lets see what our 1 investor does with the IWDM shell, what company he rolls into it.
On the surface 910,000 shares is a lot, but in reality is is pocket change $5,500 or so.
It is most likely that Macadoo capital the same group buying up as much IWDM as they can. Pretty obvious is not because they see a future in IWDM, probably just want the publicly traded shell. Good for them, they are picking it up cheap.
If you were or are a common shareholder you have been officially wiped out, so why not see what shell this other person is going create. The folks at RadioIO essentially stole every penny you put into this company, so how much worse could this Zannett Opportunity fund really be?
Hey look we have 3 times more volume today that the entire month of june so far.
Still less than $5000 worth of stock, but just imagine if this investor bought those shares Mid way through the pump at .40. $300,000 worth of stock liquidated for $3750.
Now imagine if they bought at the height of the pump at .60.
I think it is important to learn from the past as to not repeat in the future.
There are a few lessons to be learned with IWDM.
1. When your favorite Radio DJ is telling you to buy stock in a company he has a vested interest in, dont listen. Too many were burned here with false promises of said DJ "buying" up all the shares he can, and promising returns.
2. Make sure to read the fine print before paying for any subscription service. A select few (about 2300) fans of this DJ also got duped into pumping about $1 million into the pockets of IWDM insiders via early enlistment scams. Pretty soon after the early enlistment scam raised cash, IWDM pulled the old bait and switch and made all programming (minus some small perks like downloading) free.
3. Always listen to both sides of an argument when it comes to investing. Too many were warned very early on, but seemed blind faith in an IWDM insider caused them to lose hard earned $$.
4. Don't be the last one to leave the party. It is never pretty. Always better to miss additional upside than be caught holding an empty bag.
IWDM traded less than $10,000 worth of stock in the entire month of May!
What happened? Not too long ago IWDM was rumored to be, a $2.00 stock on the verge of something big. It was rumored here that Randy Michaels and Sam Zell were going to pump IWDM full of cash. Investors were "funding" their accounts to buy more.
Where have all the positive thoughts and vibes gone?
Today the market cap of IWDM, all 224,000,000 shares, is worth less than what they pulled in with the Early Enlistment Scam.
You can buy every single outstanding share for less than $1 million today. Lets see what kind of company Mr. McAdoo wants to reverse merge into the IWDM symbol. No other reason to accumulate shares and then proceed no not prop them up.
The Williams %R hits -100 (Oversold) every other week. Means absolutely nothing for a penny stock. When less than $1000 in stock can blow apart your technical indicators and chart then you may want to rethink your strategy.
Let me know how your investment in IWDM goes....Good luck to you.
What is it about the chart that look interesting? You cant just say look at the chart, there needs to be something within that chart that leads one to believe there is an opportunity. Frankly if you just look at the chart it is ugly, and not chartist on earth would touch IWDM.
Then again Charts and technical analysis mean nothing to stocks that trade at .005.
Seriously? Can you expand on what looks good on the chart? Is there some specific indicator you are looking at or are we going on the assumption that the most you could lose is .005 so why not?
Sad we have to dig up old school british currency to value IWDM nowadays.
IWDM = ha'penny
How did you "gather" that?
Have you "gathered" where these latest 6 million shares came from? Did IWDM issue them? Did an insider sell them? Not nearly enough volume this year, let alone this month to cover the 6 million shares.
Did anyone at IWDM tell you when share price is going above .01?
Is there a way other investors who were burned can start "gathering" information? If I bought IWDM I would want to "gather" how they plan on staying in business.
Maybe he thinks the liquidation value is more than the stock value and he wants to liquidate IWDM like he did (unsuccessfully) with MATH a few years ago.
Maybe he wants the public shell to reverse merge another company into, thereby eliminating the costly expense of taking a company public from scratch.
Maybe he thinks IWDM is the worlds greatest company and is a bargain here. If this is the case strange that we are not seeing his fund or himself defend the company or buy stock on the open market to keep the price up.
This guy is going to own the IWDM shell very soon. Perfect opportunity for a reverse merger. Another question is who is selling him all these shares, he is not just buying them on the open market, the volume tells you that?
So is it time to guess what kind of company IWDM is going to be after the reverse merger?
This is an interesting find. My how history has proved IWDM wrong. This is also probably insider trading.
Not sure if he was a director yet, but he was on air for IWDM, and therefore this tweet was a no, no...
Bubba Clem ?@BTLSRadio 14 Feb 11
@Brad_P_Jordan in my opinion and I own iwdm. When soMe news about the early enlist numbers come out that will be good
10 minutes left and 0 shares traded for a 3rd day in a row. Come on Wagz buy some stock, dont let bubba down.
It has now been two days in a row that IWDM traded 0 shares. The method to the madness is really maddening.
Seems investors were not too thrilled with the 10K. 0 shares traded today. I guess the silver lining is the price did not go down today.
What is the take away from this 10K filing? What does this annual report tell investors? Curious minds would like to know.
Seeing the lack of comprehension and understanding of what a delay notice entails, I just want to make sure we are all on the same page and all know that IWDM is trading at .0129.
Seems a few lemmings may have a delusional perspective and I want to clear that up.
That is a notice that they are not filing on time. Therefore IWDM is in non compliance, and is not fully reporting. Until the 10k is filed with or without notice of delay, IWDM will be in non compliance.
So how was the earlier message wrong?
Looks IWDM has gone back to be a non reporting company. 90 day grace period from the end of the 4th quarter has expired.
Don't worry things are in the works. This is all the method to the madness for IWDM.
The IWDM cheerleaders are probably the ones who always pick up small blocks when IWDM is down big in a day. So they are turning themselves into the largest bag holders. They think Bubba will do no wrong to them, and this has to sting. Their hero has swiftly and deftly taken their money.
Who told you Bubba is coming back to Sirius? This has been rumored for over 2 years.
Also it is not good for IWDM, reality check if anyone thinks it is.
What affiliates? IWDM is its own broadcaster. They don't have affiliates.
Maybe Bubba leaving is what IWDM needs, he has been on over 2 years and stock price has gone from .68 to .01. This tells me change is needed.
Maybe IWDM needs a shake up, and Bubba's leaving would be a good thing for shareholders.
There is not much credence given to anything IWDM is doing, and the share price is the proof of that.
So what is more important, a court case that has nothing to do with IWDM, or IWDM's financials?
You cannot invest in hope, prayers and wishful thinking, you need to use numbers and logic.
IWDM should be releasing financials at some point in march for Q4 and Full year 2012, that is what investors should pay attention too.
Anyone here still trying to ride IWDM to 0.00? Getting closer and closer.
Another year has gone by, and IWDM has now managed to wipeout another batch of shareholders.
Jan 3 2011 - IWDM Share price .13
Dec 30 2011 - IWDM Share Price .06
Jan 2, 2012 - IWDM Share Price .06
Dec 27, 2012 - IWDM Share price currently .0145
IWDM has wiped out its shareholders for two straight years...What will 2013 bring? How much lower can it go?
This purchase by this guy is so important that IWDM in only down 30% from where he bought it.
Really sparked the interest of wall street.
Come on, same story different day.
What does this mean for IWDM? What does the Zannet Opportunity fund want with IWDM?
Do they want a money losing business, with no technology, and a washed up local market liability?
Do they want a shell to reverse merge another company into?
Does level 2 shed any light on this for you?
Sounds like a great plan. Looks like it has been more than 15 months since IWDM traded above .10.
I would have to say that any advice from "buy with two fists" crowd is not good investing advice.