Idle Media Inc (IDLM)

[wadirum1]

I'll grant you that there is risk, but I don't believe the SEC is dragging this out to "buy time" while they "comb through everything else." The SEC has had many, many months to comb through whatever it is they want to comb through. I believe the problem is exactly as IDLM states -- Idle/Zoeter LLC was a really boneheaded move by Frasier, whose expertise is in monetizing the internet, not setting up corporate structures. The LLC holds Frasier's shares and it was overly involved with company operations. Haddock walked in the door and started to fix that, but the legacy stuff needs to be figured out to get the numbers correct. I believe this was an unusual mess that is now being resolved.

So there is risk. But I love the risk-reward at 12c, and I'd love to get a fill on my order.