There has been a tremendous amount of dilution done to this stock, so any work needs to be increased exponentially just to keep up. End of 2010 108 million shares, today 163 million as of end of Q3 2011. We dont know how many now since they wont release the most recent filings. Simply put for every $1.08 of revenue IWDM brought in 2010 now needs to become $1.63 just to stay even. That is an increase of over 40%.
So if IWDM is doing so much work, why throw it all away and go right back to the pink sheets. Even if they do file on time (3 days left) they have lost all credibility. No investor worth their salt will ever take a position in a company such as this, especially one that refuses to communicate with shareholders.
Apps? What is an app going to do? An app is just another way for the existing subscribers to access the same content. How about marketing, how about building a sustainable business? How about communicating with shareholders, and filing reports on time? Also where is this app? IWDM has not announced they are working on one, so this is just here-say from a radio show right?
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