After one week of management trying to sell hay as if gold, it appears as of there's a bit of panic overtaking the spinsters. My guess is OSH will soon sweeten the structure in an effort to quickly turn the tides. If they don't, this deal is DEAD!
Outstanding! Please do, and be sure to send a copy to Phils team, I am sure it would be a big encouragement to them. post it here of us mortals too please :D
Received the blue copy today ..mailed it in immediately…I may have to write a letter to the London Times, the world stage should be open to " Hesson's greed".
Ed, that confirms what they told me when I called them.
"I love it when a plan comes together!" - John "Hannibal" Smith, A-Team
O.G. I envision Hession having been used for OSH & TOT strategic positioning of our assets and hopefully Hession and his band of thieves find themselves in a big pot of trouble and Hession doesn't collect his double salary and 36 million USD bonus. And no where to go although I wonder if we could have his stock and CVR's striped for deception and more.
InterOil Management Continues Pattern of Deception
What is so incredulous is that the deception is full page of IOC's Web site. Go to the Investors and Media category and select any option available.
What you see is a picture of RIG#3 at drilling pad exploration site Wahoo. The prior photo illustration showed it seaside on the past Web site.
Note the centered name of the rig. Gump @ Yahoo has pick up the story some 3 hrs ago.
Industry contacts in PNG have made this mention:
Rig 2 was cut into pieces by InterOil, it is currently rusting.
Rig 3 was sold by InterOil. It is still in country, but no longer in possession of InterOil.
One may recall many years ago when a scam artist in Los Angeles Ca. was caught, prosecuted, and subsequently jailed. The prosecutor reveled a interest tactic he use to fool investors in his business and home cleaning firm. After paying a security company guard a bribe, he invited a group of prospective investors into a building that he did not own, nor have authorization to use.
The intent was enhance the deception by using surroundings that were solid, secure, and represented success. It worked.
For some of us, what IOC has done, and continues to do, is the electronic version of the fraudulent practice employed by that Los Angeles con man.
The continues pattern of behavior is supported by the continues pattern of intent, IOC management was not willing, nor did they, disclose information on a material asset engaged in the "pure focus" of IOC's core strategy of upstream exploration.
A picture of a "lollipop" for American investors. It even has the eye pleasing red, white, and blue colors all over it.
The Concerned InterOil Shareholders website has a message regarding the arrival of the BLUE proxy forms.
If you have your holding via a broker then the time to contact your broker and ask them about the BLUE Proxy is now.
If you hold your shares directly and have the share certificate in your possession, you can download the BLUE proxy from the website and vote online.
I am told that if you have multiple tranches of shares and the name of the certificate is slightly different on each that you should use a separate form for each variation of the spelling.
Go Get 'em folks
Phil and team: thank you.
Let me be the first to admit that SHU is now the best source for all things IOC. Virtually all members (save a few remaining tools like TREE) have now realized the situation that Hession has put them in. Now the delayed blue proxies are creating the latest controversy. Hession's crooked management is trying to collect the 67% before most shareholders even receive the blue proxy.
Damn, you are either lonely and looking for attention which includes a IOC MB spanking OR you're really are lost in the jungles of Papa New Guinea. For you, not a good place to be on Memorial Day Weekend!
Yes, I know that, I was posting it here because there are a lot of people who dont know that.
No doubt about it: Hession robbed us blind.
I somehow don't think Botten would want Hession running anything at OSH, Hession was a tool and look at what a horrific job he did at drilling our prospects. If true and I have no reason not to believe A4 from 20MillionUSD to 200Million USD. That is enough to show he doesn't know what he is doing.
What is being overlooked in this deal is that Elk/Antelope only comprise about 10% of InterOil exploration leases and assets. What about Bobcat, Raptor, Triceratops and many other yet un-drilled prospects?
There are certified reserves at Triceratops, Raptor, and Bobcat, and these are not mentioned specifically in the OilSearch sale agreement, however they are included in the sale.
This means that Oil Search get to take possession of all these other assets FOR FREE! Why is it that InterOil didn't even try to monetize these assets, either directly or indirectly in this sale agreement?
This wholesale selling of the farm by the InterOil BOD and Management, is an horrific injustice to the shareholders. This assets have value, why give them away?
The only answer that I can see is that the Personal Benefits to the BOD and the CEO and his cronies outweighed the benefit to the shareholders.
Simply put, Mike Hession is a pitiful negotiator, and this can be demonstrated in his performance with the Browse project with Woodside, The original Total SPA in December 2013, and this deal with Oil Search. Hession is getting a very fat pay check to sell our company for the lowest possible price
Ask yourself this: Who is going to go onto the new IOC/OSH board? Do you think Hession could be using our money to buy himself another job? This band of robbers, when will they stop?
I don't what game you are playing and I honestly don't care.
If your posts in the past were sincere, do not come back into this stock. For your sake and for the rest of us.