Still puzzling over what Noch thinks he's doing. WHY would he buy that much stock through E*Trade? He could have had an MM do it for him, and saved a bundle. And what about the Schedule 13/D he didn't really need to file in the first place?
In it, he says "the Reporting Person believes the Issuer has been mismanaged by the Issuer's board of directors and management, and also presently lacks a meaningful business plan".
Wouldn't that mean IFLM is a shell company? Looks to me as if he's just creating more problems for himself.