Is there really a market for Industrial Heat shares? Where, who and why?
I think that depends on what you mean by "market"? Woodford was only one of many, having already invested in IH. Ahlfors provided a fairly large list of them. So obviously there is interest in buying a stake in the company based on an evaluation.
Can these individuals, and groups, turn around, and sell to others?...If that is what you are asking, then I guess we will find out soon with Woodford sinking fast.