IDC indochine mining limited

bonanza gold drilling commences on mt kare, page-9

  1. 580 Posts.
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    Well thats interesting. So somebody had all these escrow shares expecting them to be sold at 16c/20c or something, however the market is only paying 11.5 - 12c so the escrowed shares are being dumped at the current price.

    The owner must be disgruntled as they held the shares which they bought for what - 12c? and now they are selling them for 11.5 or 12c. Am I onto it?. So basically we should see 80 million shares on the market and if there are no buyers, they will be sold for cheaper and cheaper thus brining the price down. So unless IDC pull out a few quick miraculous announcments, the stock could be worth confetti in the next week. Is that possible?
 
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