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Wednesday, August 17, 2011 1:20:47 PM
The FD requirements do not allow for the "wink and a nod" type of hints being given to anyone. My impression from a decade plus of following IDCC like deadheads following a Grateful Dead tour, is that IDCC is rigorous in keeping inside information inside. If they had slipped and inadvertantly disclosed something, then they would have an obligation to publicly release that information as soon as possible. IDCC does not violate the letter or the spirit of the securities laws. Therefore I do not believe IDCC gave any information to Mr. Shuttleworth beyond their public statements.
Mr. Shuttleworth is on IDCC like white on rice. He understands it and he has mulitple sources, including those that may be interested in bidding on IDCC. I've seen nothing from him that gives me any reason to doubt that he is reporting exactly what he believes is true. His track record has been outstanding, which gives me confidence in his reports. So I am very happy and excited to here that Mr. Shuttleworth's sources have indicated that:
There is an auction in the works, and
that the initial bids will be coming in the near future.
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