Idle Media Inc (IDLM)

[hokiefan95]

I've never had viscous email correspondence with him, in fact quite the opposite, he was very professional with me. Maybe it was your approach Mickey?

Marcus did essentially invent the "digital mixtape" which has transformed the way new artists and mainstream artists release material to their fans. Marcus created a site on his own, that gave artists this platform and has attracted the likes of Lil Wayne, Meek Mill, Fabolous, and many many others.

Before IDLM the company was a little LLC and I'm sure that Marcus was paying himself very handsomely, well that is all rolled up into IDLM. Marcus bought the property that was the business headquarters and yes, rented it to the LLC at a rate that was a little high, but he had his own gig going with the LLC and he's a young guy trying to get rich.

He's locked down 3 years on his contract and has a 3 year options agreement in place, so I don't anticipate further changes to that. I wouldn't go out and say he is shareholder friendly at all, after-all, he was hoodwinked with his reverse merger by some shady folks who basically raped a lot of the market cap of the company for their own profits.

They have yet to sell a single share to finance operations, and are still working off of a cash balance around $700,000 or so, burning about $30-50,000 per quarter (losses only for the last 2 quarters and positive for the fiscal year so far). IMO they are undervalued at a market cap of less than $13MM when we're now bringing in revenues of 3.5-4MM/year (an increase of 40%-60% over prior year). It's unfortunate that all of those gains were put into "selling, general, and administrative this year, but hopefully they will tie down that number and grow the bottom line.