Idle Media Inc (IDLM)

[wadirum1]

This was posted when IDLM was trading around 16c. Thanks for clarifying now that you waited until 30c to sell! Keep the updates coming!

Im starting to doubt they are even going to file, and if they do it prob wont be for another year or so if they decide to stay public. Its becoming pretty clear they dont want to share financial information about the company. They have had a CFO and COO in place now for a year and nothing. While no one doubts the company is doing pretty well, I got a feeling
shady Marcus is going to pull some crap like taking the company private or something for .10cents or some BS like that.

I don't trust this management anymore after their last few filing and not wanting to disclose anything about the company. I suspect Marcus knows he got taken to the cleaners on the first shell and just doesn't want to be a public company anymore.

While they have not diluted, and the company appears to continue to grow, as an investment its becoming less of a risk/reward as peoples money continues to get tied up in this stock for several years now and the stock has done nothing.

This is a large position for me, but as opportunities and bids
to take my profits present themselves here in the future, I plan to reduce my exposure to this company who cares nothing about its shareholders.

Marcus is the one that got us in all this drama with the financials pulling that crap with the 180k loans that the SEC and others did not like, and yet he has done nothing in all this time for shareholders to correct the issue. Enough is enough.