Ann: IEC Update June 2019, page-20

Oh well, his dad bought over 4Mil shares at 0.018c recently. Similar amount earlier from 0.01c to 0.015c.
Money is easy to come by for some so he may or may not be worried by the recent drop.
I still find it a bizarre time to add another director. Even if he's from manufacturing and can add value through Lean, Six Sigma, 5S etc etc and all those other skills we learn in manufacturing.

I could be wrong but I think they'll have to go cap in hand to the KCB bank again and ask for more money. If IEC could stop getting screwed over by every Tom, Dick & Harry, they'd have a strong case I imagine.