It's like talking to a brick wall. There is not enough market...

It's like talking to a brick wall.

There is not enough market depth for the majors to sell on market, they're only option is to keep selling small parcels into the buyers over a period of time (which is what Genesis done for 3 weeks during October), if they sold down a whole 1% chunk right now, it would push the share price down to 0.001c.

The only way they could sell out completely is an off-market transaction with another party.

Let me put it this way, at this point in time, these big companies have probably got IDC down as a future capital loss.

Back in 2012 Genesis purchased 60m shares for around $7.5m, that works out to be at an average price of 12.5 cents, that puts them 1000% down on that initial investment.

Of course they averaged down along the way, purchasing another 23m at 7 cents, they'd be down over 500% on that purchase.

etc etc etc, you get the gist, or do you?