Captain, i see your point. All valid :) But in my experience i have found some companies like to push up the share price prior to raising any capital.
SI's and institutions are great to have on board and the ones IDC have would make most companies jealous.
Compared to market cap and previous capital raisings this amount is minimal. Perhaps the strategy here is just to ease immediate cashflow issues and raise a significant chunk at a higher price later on?
By having a balanced share holder spread between the big boys and minnons like me, there will be more awareness and publicity for IDC.
Just a little rant. GO IDC!
IDC Price at posting:
13.3¢ Sentiment: Hold Disclosure: Held