I should restate my comment as I incorrectly made the statement that it was the reason it was canned, and I apologise as I am incorrect, but I think it is an idea playing in their minds. Indochine last time I contacted them were a little more worried about the possibility of a takeover, and lets be honest if it were to happen, it would be between now and production! It was my thinking that perhaps Stephen did not want to dilute the register even more, and hand out more shares decreasing the control they have in the company, nor how much they themselves control. It is true the Capital Raising wasn't going to one identity, and they can gather shares through retail, but the possibility of giving shares to a take over investor increases the more substantial holders exist. No ill intentions behind my statements.
IDC Price at posting:
7.5¢ Sentiment: LT Buy Disclosure: Held
