Saturday, February 27, 2021 7:06:35 PM
Best part is that IDLM cannot issue additional shares, and restrictions cannot be lifted.
The float cannot change (apart from a 3M share position that is unrestricted, but held in the form of certs).
Also, IDLM is a real company. It used to own Datpiff (which included all the rights to all the music posted on it). I gotta believe they got $12M for it. That right there is 20c per shares.
Did the CEO just give all of that cash to himself as salary? Maybe. That would be a heckuva tax hit all at one go. And there were other assets: some games, HipHopEarly, some sort of Pokemon trading platform, a House version of Datpiff that they built and never launched.
The float is only $400K. Buy it all, Mick!
I am obviously NOT an investment advisor.
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