Nikodemos
1 year ago
NO! Definitely NOT a buyer here as MY PREDICTIONS reading the tea leaves (with over 35yrs OTC investing experience) have PROVEN accurate once again!
You're only HOPE NOW is to wait it out. Hope this "entity" (ticker) gets bought out & someone does something MEANINGFUL with it. The GOOD NEWS is that the O/S was NEVER BLOWN OUT so there is some POTENTIAL VALUE in the fact that the stock WILL NOT necessarily require a R/S -- although if ANY ONE OF US bought this company, we'd likely want to RESET the capital structure in order to ADVANTAGE IT! We ARE in the capital markets, after all... But AT LEAST folks can be THANKFUL they aren't likely to be WIPED OUT completely. https://www.otcmarkets.com/stock/IDLM/security
Now it's just a WAITING GAME for the remaining STUCK HOLDERS. Opportunity cost notwithstanding, the only question is HOW LONG a wait? Maybe that's what folks should be PRESSURING Marcus to do, sell the tick & move on (or face litigation for STEALING!)...
GLA! Someone is going to have to REPRESENT the interests of shareholders HERE... Otherwise, I don't see Frazier doing much of anything going forward. He should be PROPERLY 'incentivized'.... or sit & wait another 5-10yrs or so! GL. So,... NO. Not a buyer!
Nikodemos
2 years ago
Awhile back, & on NUMEROUS occasions, I suggested (mostly in private) that Marcus would likely take this company private; & wipe everyone out! Just a hunch based upon my DD, conversations & the like. He CLEARLY wasn't taking the actions to BUILD the company, & fulfill his fiduciary obligation(s) to shareholders the stock (imv). And every once in awhile I'd stop in to have a look at whether or not I was speculating correctly, on the RIGHT TRACK -- or if I should RECONSIDER taking an investment.
https://investorshub.advfn.com/boards/memberpoststoboard.aspx?user=160694&boardid=17478
Lucky for me I chose to keep checking in, & was NEVER CONVINCED the CEO was moving in the appropriate direction one would EXPECT to see a company with a BRIGHT FUTURE follow... Unfortunately, some I've addressed ON THIS VERY BOARD did NOT agree with my take, my pov, & have claimed rather MASSIVE LOSSES!! We ALL KNOW that this is the "way of the OTC", as it can giveth,...& it can VERY QUICKLY & EASILY -- taketh away!
For the couple of people who have PM'd me the only option now is a LEGAL one. The CEO "delisted" the ticker, the stock, & has presumably 'taken the company private'. Any further inquiries regarding your investment with IDLM should be directed towards an attorney. Preferably one who has experience with microcap investments. He or She should be able to guide you accordingly. It's NOT the first time, & won't be the last time this has happened in the OTC.... Live & learn.
Happy NEW YEAR to all... & a prosperous 2023!! May you ALL make back your losses here -- & then some!! GL
wadirum1
2 years ago
Hey Submariner,
When I decided I wasn't going to sue Marcus, despite the attorney I consulted thinking there were solid grounds to do so, I sort of stopped looking at this board and stopped following how Marcus was going to shaft the rest of his shareholders.
Has IDLM gone private? Do you all now have shares in his private company? I'm curious what the next steps are, but now that they've sold Datpiff, I guess the future continues to look bleak.
I continue to be so disappointed in this investment -- sorry for those who lost money and sorry that Marcus wasn't CEO material and couldn't make this grow into something amazing.
Wadi
Grande Drip
3 years ago
One further thought, youโd think his old partners (sorry, donโt remember their names) would be all over Marcus for their share, after he sold datpiff. If I remember correctly, they also held a sizable number of shares and could walk away with a chunk of change.
I really wish Marcus had people around him to pressure him into doing the right thing for once.
He really needs to offload idlm so that he can focus on what he wants to do. But, with no pressure, why would he?
Grande Drip
3 years ago
Yeah, Iโm not sure what to make of it all. Someone is clearly buying up shares but to what end, I do not know. And, theyโve been accumulating shares in odd block sizes totaling around 100k shares at a time.
At this point, I have a hard time seeing Marcus doing anything with idlm, publicly or privately, even though it would be in his best interest to do so.
Time will tell.
wadirum1
3 years ago
Hi Berta,
I have no clue. Someone keeps buying shares. And despite it being July and the OTC changes taking effect in September or sooner, I'm still seeing non-reporting penny stocks reach fantastic valuations based on nothing at all. One I follow just reached a market cap of nearly $70M -- based on literally nothing. It is a completely empty shell, and folks on that board are talking about how it can go to $700M based on what other stocks are doing. That would be like running up IDLM to $1 or $10. There are groups that can do this stuff by wash trading from one account to another using computer algorithms. Once they have a reputation for sending stocks to the moon, they build up followers. I think it is worth a shot keeping some IDLM in case they figure out that IDLM would be the best of all stocks to run up (since the float is tiny and there's no way Frasier would issue more stocks).
What a shame that Frasier never stepped up to his responsibility as CEO of this company. Haddock always talked about how brilliant he was as a coder and at monetizing the web. But I gather that he didn't trust the establishment guys to take his company to the next level and that he wasn't cut out to do that himself. Supposedly, the only person he ever trusted was that Shaheen guy, and we all know how that turned out, because here we are. From what I can tell, Frasier is now just trades children's game cards from his big house in the boondocks of PA, living off whatever money he pocketed from selling Datpiff.
Wadi