RE: RE: institutional holdings - ReutersI am not disagreeing with you Oiler. My list was just a generality on why people (retail or Institutional) would have reason to give up on IDC.
As far as the new investors go, that is positive but you have to temper it. When I read what they said I interpreted it as a very nicely worded acknowledgement of what has been discussed on this board. I read it as ' we are up to speed as to what is wrong with this company and we are buying on the belief that we can stir up support and get the necessary changes made'. I did not read between the lines anywhere that they felt it was a good investment as it stands.(Again all nicely worded of course)
Even with them buying I still decided to stay out at this point only because of the Teirnan screw-up and my personal belief that the Q report will be bad enough to suppress the PPS slightly (Might be wrong but we shall see)
Either way, it all comes down to the new investors getting things moving. If it looks like they will, then I am in. If not then it is my personal belief that this company is going nowhere. The Teirnan screw up, and the present management not clarifying the nature of that screw up with its shareholders just told me nothing has changed and nothing will until it is forced on them.