Replies to post #1434 on Idle Media Inc (IDLM)

[wadirum1]

These were issued a year ago, right? 5/27/09?

Prior to these being issued, there were only a handful of folks with tiny positions -- and then the 5mm owned by CEO of NGLF.

So, he issued half a million shares.

Then there was a 1:23 forward split since then. These were essentially free to whoever got them.

NGLF CEO held most of the shares as of the merger, and has cancelled most of what he held.

So, yes, the portion of these shares not held/cancelled by the CEO are indeed what we are all trading now.

But the question is why the large hold is selling shares now.

Datpiff is worth a helluva lot more than $18mm. So as long as the merger is still going through, I am sticking with the idea that today was one large holder facing some emergency/panic need for cash.

Wadi