As much as I hate to say it, gotta agree with noobo here.
IDC had $0.5M cash as at 30 June - a quarter before this they had $2M cash. Burning about $0.5M cash a month, or enough to get to the end of July which has coincided with a spilling of the board and the appointment of an Insolvency Practitioner as the new Director.
Hopefully a deal has already been done with a major shareholder which gets announced on Monday. It'll be fairly ominous for us other shareholders if not....
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