Idle Media Inc (IDLM)

[wadirum1]

Maybe so. He's hard to understand or predict.

However, my sense is that his brush with the SEC really changed his outlook on legalities and lawyers. Before the SEC investigation, he was making it all up as he went along -- running Datpiff out of his personal Paypal account, filing earnings numbers of whatever quality, relying on Shaheen for advice even after it was clear none of the going public scenario had played out the way he had been led to believe.

After the SEC investigation, our emails were filled with "My lawyers tell me..." I was frantically trying to come up with suggestions for how he could make a tender offer to buy back shares, or spin off Datpiff into a new, clean shell, or other ideas. And it was always "My lawyers tell me..." or "My legal team has informed me..." I don't think he would want to get caught with illegal insider buyer. I just don't see that. Maybe the pre-SEC Marcus, who might not have really cared to know the rules or ask a lawyer, but not the post-SEC Marcus.

Nor do I think Haddock would be buying or selling shares. His wife is a very prominent compliance officer for a prominent Wall Street Company. No way he is getting within 10 miles of breaking a law.

Or perhaps a friend of Marcus's. That was always one of the strange things about this -- why weren't big money-making people in the music business buying IDLM shares? So, maybe they are now??

I don't know, but I am sticking with the story that someone is accumulating shares to run IDLM way the heck up. As I get more funds from another play I am in and as IDLM prices drop, I will be a buyer here.