"all I know is that they had been increasing their holdings in...

"all I know is that they had been increasing their holdings in IDC, even as late as October 2014"

DM, well that's a false statement, did you post a link and not bother to read it?

Their last purchase of shares was the 30th of May 2014, when they participated in the capital raising to 'advance discussions'.

In other words a capital raising to stay afloat.

How do you see the funding arrangement panning out DM?

Give me dollar figures for what they'll need to extinguish debts, fund the adit, how much will shareholders be diluted by, how much do you expect from the 25% stake from a jv or cornerstone investor when IDC is only worth $16m, with $10m in current liabilties, and less than $1m in the bank.