As a long time observer of this board a few things are certain. The management of IWDM is awful. The burn rate of cash for a company running on open source is completely crazy. Common sence tells me that IWDM can not afford any new talent that will bring in subscribers. Their 10k tells me Radio IO for business is not generating much cash flow. I have never heard of the rumored new talent Shannon Burke and I am guessing most of the country has no clue who he is.
This past "big" quarter includes all 2,800 of the early enlisters. Where is cash flow going to come from for the next quarter? I have read that Bubba's exclusive show is bringing in less than 1,000 listeners. Based on the low number of early enlisters this makes sense to me. I am not sure where this 1,000 listeners came from, but if there are 2,800 early enlisters it would make sense that about 1,000 are listening to the show each day. The stock is trading below the level it was at before Bubba came on board. It appears that insiders are selling. Why would insiders be selling if big things were happening? They would know big things are happening, so why would they be selling at these levels?
Enough of my venting. IWDM has been frustrating me for months now and only bad this have been happening. When does this end?
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