Monday, April 02, 2012 7:15:41 PM
Maybe there is no method to the madness. I can not think of any reason a publicly traded company would not share with its shareholders its plan for the future. At some point it will be too late. IWDM will become overly diluted (it may be already), and it will dig itself a hole too deep to emerge from.
IWDM needs to show the market and its shareholders that it can grow revenue, they have had a year and so far the only revenue to speak of was a one time push for Early Enlisters that raised $900,000 or so.
Where is the revenue going to come from now that IWDM is free? They dont have enough listeners to generate enough add revenue. If they did you would hear mainstream adds which you dont.
The only method here, is the methodical draining of shareholders money.
It is not a good thing to miss filing deadlines, wall street and investors alike do not look kindly upon it. So maybe the method to the madness is to drive all the investors away, so they can take advantage of the few die hard fans that will keep sinking money into IWDM. Maybe...
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