Idle Media Inc (IDLM)

[wadirum1]

In 10-20 years, IDLM will no longer be in business and there will be nothing left to sell. I'm sure he realizes that (a) IDLM is worth more to a more dynamic company than it is if left to just chug along and (b) there is only a limited window of time in which he can sell it before competition grinds down the value. I suspect he worries about whether this model is sustainable 5 years out, much less 10-20.

And he has a family. If he wants to do right by them, I would think he would want to lock in the dollars now rather than rolling the dice that it will somehow be worth more next year or in 2023 than it is right now. Heck, if he kicks the bucket, what do his heirs end up with as an enduring source of support? Maybe he has major life insurance policies, but how would that compare to having $10M in the bank? Heck, he could probably continue to work for IDLM and maybe even parlay the sale into a position in a larger firm.

I think he knows that he should sell the thing within the next 5 years. So, my choice is to sell now and hope there is sufficient buying at 1c per share or wait and hope that I get 10c or 20c per share at some point within a 5 year window.