Buy, sell, or hold?
Buy - For new buyers with doubts or those who have not had personal interaction with IDLM's executives, I would say this is not an option until you see the registration become effective. For those that have been around a while, current prices are very attractive and you need to decide how much you should invest and make your own judgment on whether SEC approval is right around the corner.
Sell - This does not seem to be a wise choice at this point unless you are in desperate need of cash and IDLM is your only option. It's been a long wait, but SEC approval seems to be very close. In many cases, shares are now LT holdings. Significant volumes were only traded between 10 and 15 when the company announced a restatement. When financials were restated and when the form 12G was released, the stock took off quickly and showed lots of life until people realized there was another wait coming. This time, when the registration becomes effective, the wait will be over. PRs can be released, and the company will be free to move forward and market the stock to big investors. Though the share / option compensation packages announced will have a non-cash negative impact on earnings, they certainly show that the best way for our executives to get rich is to get the stock out of the cents and into the dollars. The company has never diluted, and they have a huge vested interest in the price of the stock.
Hold - As evidenced by the trading pattern, this is the most likely option until we see the EFFECT statement. Many holders have the shares they want. For those that want more, they will try to get them at as low a price as possible until they see a reason to take immediate action. The company is growing every quarter. Trying to sell and take a tax loss is too risky when the EFFECT statement could come any day. Patience will pay off.
