Idle Media Inc (IDLM)

[wadirum1]

Hi Berta,

I have no clue. Someone keeps buying shares. And despite it being July and the OTC changes taking effect in September or sooner, I'm still seeing non-reporting penny stocks reach fantastic valuations based on nothing at all. One I follow just reached a market cap of nearly $70M -- based on literally nothing. It is a completely empty shell, and folks on that board are talking about how it can go to $700M based on what other stocks are doing. That would be like running up IDLM to $1 or $10. There are groups that can do this stuff by wash trading from one account to another using computer algorithms. Once they have a reputation for sending stocks to the moon, they build up followers. I think it is worth a shot keeping some IDLM in case they figure out that IDLM would be the best of all stocks to run up (since the float is tiny and there's no way Frasier would issue more stocks).

What a shame that Frasier never stepped up to his responsibility as CEO of this company. Haddock always talked about how brilliant he was as a coder and at monetizing the web. But I gather that he didn't trust the establishment guys to take his company to the next level and that he wasn't cut out to do that himself. Supposedly, the only person he ever trusted was that Shaheen guy, and we all know how that turned out, because here we are. From what I can tell, Frasier is now just trades children's game cards from his big house in the boondocks of PA, living off whatever money he pocketed from selling Datpiff.

Wadi