If I read the documents correctly there are currently approx 32m shares on issue of IDC - major consolidation there. The GM will vote to issue shares to directors that will inflate that to 42m SOI. An increase of 21%, I guess there is no money to pay them so they get shares. Nice if the company can somehow rise from the ashes - the directors have won the mining lotto but what are the odds?
Nothing to see here, move along.
IDC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held