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Whiplash_Investor

01/08/13 9:13 AM

#17870 RE: Uglytuco #17869

Pretty good analysis...kudos
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wadirum1

01/08/13 9:17 AM

#17871 RE: Uglytuco #17869

Excellent analysis. I agree 100%. The $1 price target is a distraction -- because someone buying at 12c or 17c doesn't need a price anywhere near $1 to have a massive profit. Also, there is no way to prove whether something will or will not happen in the future.

So, forget about $1 for the moment. What is far easier to support is the idea that IDLM's price rises higher this time than it did last time. There will be more demand (with SEC uncertainty lifted and PRs coming out) and there will be less dumpage (since dumpers have not been able to reload).

Wadi
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Uglytuco

01/08/13 9:45 AM

#17872 RE: Uglytuco #17869

Another important observation in regard to the stock performance. IDLM appeared to be at its worst in December 2011. This was 10 months after the restatement was announced. Almost 90% of the trading below our current bid level of 12.5 cents happened in 2011. That was a long time ago, and we're still operating without PRs. Volume dropped by almost 50% in 2012 versus 2011. I believe this shows that shares are being held much tighter than they used to be - much more of an investor attitude.