Voncee, my answers to your questions -
1. "what will these sales mean to investors" - well, nothing I'd suggest, there are no investors holding or interested in IDC, plenty of suckers/punters but investors are people who buy and hold quality stocks, not rubbish!
2. "likely to be an increase in sp" - probably not unless funding comes along via the new Chairman (and without significant dilution for current shareholders, not sure how that can happen), otherwise the share is worth SFA and recent history indicates where it probably is going (further down).
3. "why the huge sales" - big punter giving up hope, selling to mugs on rumours not facts.
If you want to invest rather than punt, take whatever money you can and put it into BHP at current price - quality stock, lots of funded projects, plenty of money, temporary sp weakness following drop in commodities prices.
If you want to get rich quick keep trawling the bottom, one in a few hundred succeeds, you just have to be lucky (but I very much doubt it'll ever be IDC). Then again, maybe lotto tickets offer better returns, the trouble with doing your own research is that b/s is always b/s, who can you believe (but follow the informed money gives you a fighting chance)?
IDC Price at posting:
1.3¢ Sentiment: Sell Disclosure: Held
