Idle Media Inc (IDLM)

[Uglytuco]

True Wadi. Another point - The SEC doesn't need to buy time. They are accountable to no one and can delay things as much as they want without an excuse. This is part of the reason it's been so long. I think IDLM would be approved already if the VIE thing had been fixed last year. They've gone through everything multiple times already. This consolidation seems to be something that the SEC debated a long time, wanted to take care of, but considered approving. Now that they've finally made their decision on it, I believe it's just a matter of updating the numbers (done), auditing the numbers (not sure this is done. The 8K only said it had been discussed with the auditor, not audited), and then resubmitting for approval.

Risk? Yes, there's risk. There's risk of having to wait, and wait, and wait, until you see that registration approval. I could be wrong, but I don't see the stock doing much of anything before the approval comes.