Idle Media Inc (IDLM)

[wadirum1]

IDLM should have the cash from selling Datpiff. We don't know how much that sale price was. And we don't know how much Marcus has been paying himself.

If he sold Datpiff for $6M, then there should be 10c per share sitting in IDLM's bank account -- unless Marcus decided he wanted to put that money into his own pocket by paying it to himself as salary or bonus.

If he sold Datpiff for $18M, then that would be 30c per share.

And here IDLM sits at 4c or whatever.

I think most people here would be happy if Marcus were to announce a tender offer at 10c for taking IDLM private. But that would entail him stepping up to the tune of $1.3M. The tax advantages might be worth it to him, but I wonder if Marcus would do something good for shareholders even if it was also in his benefit.