landowner's arrangement, page-54

Mandalay,

Summit is 100% owned by IDC

SHK was a shareholder and MD for Summit.

Summit (and Mt Kare Project) sold to IDC in 2011.

SHK sold some shares in IDC at a considerable discount because, as a matter of fact, SHK did need money for other things.

1 Major real estate development
2 Oil and gas project

Its the company and project that should be the subject of due diligence, not the personal circumstance of individual investors.

It is not entirely rational to look at individual share holders overt conduct in an attempt to draw inferences as to the efficacy of investing in a project as the acts of an investor are in them selves subjective in nature.

Due diligence should relate to direct and quantifiable risk.

Subjective matters provide no real insight into the viability of the project.