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hokiefan95

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hokiefan95

Re: MIKEY501 post# 16821

Monday, 10/08/2012 4:03:53 PM

Monday, October 08, 2012 4:03:53 PM

Post# of 23104
The company has been losing money this entire year and burning thru cash and rather than take precautionary measures they just keep rewarding themselves.

For the 9 months ending June 30th 2012 (Q1-Q3). Net income (loss) attributable to Idle Media Inc. is $101,020. They posted a loss for FY12 Q3 this year (-50,320) and it was (-35,281) FY11 Q3. For this fiscal year, they have not been losing money.

At their current cash burn rate, they would exhaust their cash supply in what, 2 years? How much have they grown their revenue over the last 2 years?
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