It sounded to me that Randy Michaels was just visiting a friend and perhaps they were bouncing ideas off one another. If you listened to Fridays show Bubba said something to the extent that Randy doesn't know what I am up to. Those were not his exact words, but it seemed to me he was just showing an old friend around and they were just catching up with one another. It did not sound that Randy Michaels was going to have anything to do with IWDM. And why would he? There is no game changing technology and the share structure of IWDM is terrible. Three people control all of the votes. I just do not see it happening.
The last quarter also showed that Radio IO for business is not generating much income as some have claimed it did. Their report showed it was not a big part of their business. The Subways were obviously smoke and mirrors and are not part of Radio IO for business future. Then this new chain will let its owners pick between Radio IO and other options. Even if all of them picked Radio IO it would have no effect on the bottom line of IWDM.
That is what I got from reading their report and listening. Take it at face value, but big things have been happening for 8 months now and this stock trades below .09 with no volume. If what we read about an insider selling Is true then that is also bad news for current shareholders. If there was good nws do you really think an insider would be selling at .08?
Someone already posted this, but the Feds have no interest in looking into a penny stock. Manipulation of a penny stock is par for the course. The Feds have no interest in looking into a compny that hardly trades with such a small cap.
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