wadirum1 Friday, 04/12/19 06:50:47 PM Re: None Post # of 22976 The think about Marcus is that he never really intended to take his company public. He got persuaded to do it by a fast talker. Heck, when Zuckerberg took Facebook public, he was selling a portion of his shares as part of the IPO. Instead, Marcus gave up his company and ended up with ZERO extra cash and only a 2/3 ownership in his company. It was a mind-bogglingly bad decision, and people around the deal at the time say that apparently Marcus thought there was going to be some major cash pay-out -- but it wasn't part of the deal. Instead of working with legit venture cap guys, he had been persuaded to do the deal with a shell operator. So all of this really was a consequence of arrogant Marcus not bothering to learn how the deal to sell his company was structured. So, he gets tricked out of 1/3 of his company. And then he runs into the SEC buzz saw, because he got all this bad advice about audits and about avoiding OTC. Form-10 was the only way to go -- is what all of his advisor said. But the books were bad and his accounting system was bad (he was running the company out of his own Paypal account). So, of course the SEC is going to flag it. The people who advised him to file Form 10 weren't sufficiently steeped in OTC tricks to know that IDLM should have stayed OTC. Now the SEC started breathing down his neck. There was a large fine, but no jail time. And the same lawyers told him to go dark. So, here his company sits. There are all sorts of constraints on what he can do. And he has an awful temper and might not be smart enough to figure all of this out, which makes it all worse. I don't know how it will all end. But I think the company is still worth much more than the current price. And if I try to sell, I'll force the price down way under a penny. There are people who would love to see me capitulate. If I dumped my shares, there might well be money to be made flipping shares in the resulting volatility. But I don't need the money. And I mostly don't even think about IDLM and whether Marcus Frasier will ever step up to his responsibility for doing this to us all. At this point, I don't think he will ever really step up and take responsibility. I had hoped that with age he would gain maturity. But now I don't think so. Still, I do think that he will eventually want to sell IDLM, and he will do so for a lot more than the tenth of a cent I would get if I tried to exit. I am obviously NOT an investment advisor.