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IDI: Searchmedia - is it fundamentally sound?

I read an article written by fellow alpha seeker on IDI or Searchmedia earlier and I was taken aback by the gapping holds in the analysis.

The main thrust of the analysis is insider and institutional buying means the stock is great.

Ok, not doubt that IDI went up about 14% last Friday.

But dig beneath the hood and you will see why it fell almost 50% from its "IPO" price.

Cash - used to pay earnouts to Chinese vendors at generous price.

AR - huge by any standards.

Management - why no Chinese wants to come on board? Smell any fish?

There are tons more except technicals which I admit it has points to a dead cat bounce.

I hope it will make you take a second look at this stock again.