LBO does not seem likely. Tom is in to owning/controlling his own business and wants to push Innovativ Media Group into the forefront as a web channel media production giant. That's what he wanted when he created the Atlantic Entertainment Group back in the 70's with the exception of the web part.
Here's that history:
Atlantic Entertainment Group, also known as Atlantic Releasing Corporation, was an independent film production and distribution company founded by Tom Coleman and Michael Rosenblatt in 1974.[1]
Their initial releases were mostly geared to arthouse audiences, with an especially large number of Australian productions, as well as two Brazilian productions, Eu Te Amo and Lady on the Bus, that introduced American audiences to actress Sonia Braga. They shifted their focus to small-budgeted independent films in the early '80s, beginning with the surprise success of Valley Girl in 1983, directed by Martha Coolidge. Night of the Comet, released in 1984, would be their first film to open on over 1000 screens.
In 1985, they began a relationship with Paramount Pictures whereby the studio provided them money for larger-scale theatrical releases in exchange for home video and television rights to their films. In January 1989, Atlantic made a new deal with Kartes Video Communications for home video rights to the movies previously covered in the Paramount deal. However, they ultimately ceased operation shortly after this deal, amidst large financial losses from larger-budgeted films such as 1969.
That bold text above is what Tom does not want to allow again, and that's why he's gone public as a way of self funding his web based production. Tom wants all the marbles this time around and will not make the same mistake in giving the video and TV rights to Paramount or anyone else. If it weren't for the financial disaster of producing the film 1969, Atalntic may very well have still been in business today.
Tom wants that back and Innovativ Media Group is an exact duplicate of the successful Atlantic Entertainment Group, only geared to the internet.
All of the sellers who gave away nearly 500 million shares over the past several days will realize this when this juggernaut begins rolling in the second quarter. Did Tom buy up all those shares after purposely putting in the tree shaker "reverse split" statement in the recent 10-K?
If so, it may be difficult to buy back in on the cheap if the float is locked. If not, somebody bought them. When have you seen a mass dump where everyone is able to sell their shares without it going no bid? Hmm?
It may not take a few months to see a quick jump to .001 like most believe if a few small announcements are put out with the float locked.
We shall see.
