Replies to post #10932 on Idle Media Inc (IDLM)

[cracity]

I agree about the questions a previous financials. Also, I think this stock is not well known because it has never been promoted. I'm not saying a promoter is what you want, but you do need to make the public aware that it exists IMO.

[stockmule]

This is what Marcus is trying to correct. He made some bad decisions early on dealing with the shell holders and now has to clean things up. I would rather he do it now instead of dragging out dirt later. You purchased a lot of shares at very high prices so I get your frustration. You were a big believer last year so not sure what dd you did on it. If you had looked at the company closely in the beginning you would have seen that it resembled something like the dot bombs that came out in the '90s. Unlike those dot bombs there was more than an idea and it has actually moved forward. Revenues have increased and there is no debt, I expect things to pick up sooner than later but will not be happy if we go to the pinks. I do have an appetite for more shares so keep up the posts.

[wadirum1]

I totally agree that things like market cap, enterprise value, P/E, PEG, and discounted cash flow do not determine the price of a stock in the short term.

Heck, Blue and I were comparing notes several months ago about a stock we both happened to have held when it was selling for less than the cash on its books (and it had no debt and a ton of receivables on US Govt contracts). Market cap was less than cash (so EV went negative) -- LOL.

But without those sorts of tools, how are you going to find good stocks to hold over the long run?

If you'll notice, I haven't talked too much about these metrics recently, because we need to have reliable financials to compute many of these stats. So, some others and I have tried to think about what we CAN see in the meantime as we sit here in restatement limbo.

I really don't think anyone is saying they are happy about being in limbo. Nobody is denying that being in limbo adds risk. I sure as heck am not recommending anyone buy. But I also think that 10c is a remarkable value -- and prices even lower would be even more remarkable value, though certainly not impossible.

I WILL tell you, however, that I currently hold 3.4mm shares of TDG# (currently at 2.8c). I will sell at least 1mm of those shares to buy IDLM/IDLME/IDLM.PK if the prices of these two stocks should ever cross over (by T#GI rising or IDLM falling). So, you might want to figure that into your predictions about the price here dropping to 1c.

Wadi