Replies to post #18517 on Idle Media Inc (IDLM)

[Uglytuco]

Restated financials were filed with the 10/12G. SEC requested a change to incorporate financials from the LLC. An 8K was published to identify the changes being made. Right now we're waiting on the revised 10/12G with restatements identified in the 8K. No guarantees, but this appears to be the final SEC requirement.

In regard to being current, IDLM was current until this latest request from the SEC came just as the 10K was due. We are not current, because the 10K was due on 1/15/13. However, it's only delayed due to the latest change request from the SEC.

[wadirum1]

Mick,

Nice to see you here. IDLM is a gem that many overlook because (a) the 2010 pump back when it was a shell ended up losing folks so much money and (b) the company hasn't done any promotion since then (and has in fact gone dark).

At one point the NGLF shell was the darling of IHUB and commanded a market cap of $160 MILLION! IMHO that high-water mark stands as a testament to the herd mentality of penny players.

Now we struggle to maintain boardmarks, despite the fact that the company has held the shares structure intact, grown substantially, and come down in price by 90 percent or more.

But this is a real company. It is trading at an absurd discount to internet traffic multiples in the broader market. And I believe it is on the verge of SEC re-registration, this time under 1934 Act. When that happens, I believe the company will take steps to increase awareness among the broader investment community (among whom the COO has extensive contacts). Several of us here have been adding more and more shares. I've got a very good feeling about this.

Wadi