Ann: IEC Update, page-17

Tiatodd, you seem to have a bit of knowledge on Tanzania? Have you lived and worked there?
As you know, I've been in this stock for a VERY long time. You keep saying that I/we should sell out and I have indeed reduced my holdings but that's based on the recent news out of Tanzania. What is it we are missing that makes the company in such a worse position today than it was 12 months ago? (barring the land grab by the prez)

Yes I'm negative about the land grab.
I'm negative about the back slapping going on between Dangote & the prez.
I'm negative about the future loss of Dangote as a customer and that will weigh on our future sales.
I'm mildly negative on the future of a power plant.

hence why I have reduced my holdings accordingly.

Mr Shedd seems like a competent person as is Mr Robertson going by his work history. The directors hold a LOT of this stock so if IEC goes down, they will also feel some pain.

What is it that's going to cause a catasrophic fall in IEC & EDL's share price?