clown. welcome back under a new name. something must be imminent for you to resurface like a bacteria under a new name.
welcome back clown. Something must be imminent for you to resurface under a new name.
Lib, in all of the world, the only person available was Hession, really? Do you really believe that? And what was the rush? The company was not headless.
Ollie I hate to break this to you but Hession was the only candidate and IOC had to pony up to get him. We are all paying for that now.
Do you know if anyone here has any relatives from the old school in PNG that may want to start a
ceviche fast food take out business featuring Henson as the special of the day? We can tell those folks that it's Antelope in case human fritters is no longer in fashion.
Hession got the CEO job because of a confluence of events starting with the fact that a cabal that included several directors (Roger Lewis, Ford Nicholson, and Gaylen Byker) and several senior managers (Wayne Andrews, Collin Vissagio, William Jasper, and David Holland) decided that they wanted more.
The second factor in this confluence was Hessions availability, and the third factor was the cabal's underestimation of just how difficult it would be for them to retain control after making this change. It seems that the cabal thought that they would get someone they could control, but once hession arrived, he immediately pushed Byker, Andrews, Visaggio, and Jasper out of the company, replacing them at every step with his own faithful followers.
David holland was retained, however he was pushed downward in the organisation, and David Kirk, Thomas Junker, and Saxon Palmer were placed over David Holland in seniority. All the roles with authority are now filled with Woodside, AWT, and DMI people, and Hession gaining control over IOC was a direct example of the law of unintended consequences. In short, the BOD failed completely in their governance responsibilities, to the detriment of the shareholders.
Henson needs to be taught a lesson. Eat or get eaten. Like most of you I vote for the latter. How in the world did this POS get to run IOC?
he had numerous opportunities to cash in at PPS 80 to 90... that's what \Phill did for the shareholders.
hession has had close to three years and is a complete and utter failure to deliver anything.
Many of us have been thru the mill so to speak with IOC thru the years, $92 to $21 but Getit posted the following about PM on SHU "for great damage to my life" now that is a statement!! Agree with it or not!!
Now that is funny. My personal opinion is that everyone's vision became distorted through Phil's beer goggles but that's just me.
From shareholders unite to shareholders bicker. The argument now is between supporting the founder who had the pps in the 80's and couldn't get a deal done or supporting the guy who replaced him, got a deal not quite done and took the pps to under 34.
I think it is pretty obvious what is going on here, Phil has caught wind of a sale or merger and doesn't believe it brings fair value to shareholders, hence the approval of 10% company by shareholders, the rest of the amendments is just noise.
Health and happiness,
Sentiment: Strong Buy
Makes perfect sense. He sees the "end" of his company as an independent company and is now pressed to halt it. Let us hope that we see a nice price tag here soon.
Good luck longs
Let the bidding begin. I am marking this post because after all of these years of buyout chatter, I think you are correct. Where it ends up and with whom is anyone's guess, but I agree with you Lib.
Good luck longs
Expecting none of this to matter much as IOC will most likely not make it to June as a stand-alone entity by then. Look for the buyout bidding process to initiate within the next few weeks. This is what Phil knows IMHO.
Sentiment: Strong Buy