Progressive Stocks

[wadirum1]

The chart below tells the tale of woes for shareholders of IDLM. The company tried to get SEC registered, filing Form 10-12G. But after huge expenditures of accounting $$, legal $$, and management time, they've decided the SEC simply will not sign off on any repolishing of the mess that CEO Frasier made. So, they've filed Form 15, which is to withdraw Form 10-12G. That was at end of Dec 2013. After 90 days, if no other action is taken by SEC (that would force them to continue to seek registration), the withdrawal becomes effective and IDLM would be like any other pink.

I believe this presents a tremendous buying opportunity. Very high risk? Yes. But IDLM right now is at $0.06. Shares might be bought at more like a nickel. Buy 40K for 5c ($2K). Sell half at 10c to pull out initials. Then ride the remaining 20K past 30c. Net profit would be $6K.

The company has never issued shares. TA is ungagged. About 47M of the 61M O/S are locked up in restricted shares. Restricted shares held by the COO/CFO have price limits tied to them -- and I'm guessing those price limits are higher than the prices on the CEO's options (which start at 50c). So, the COO/CFO has plenty of incentive to move this up much, much higher.

I don't think this opportunity will last much longer. I've been very wrong in my IDLM predictions. But even a stopped clock is right twice a day, eh? LOL

Wadi