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InterOil Corporation Message Board

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  • doublebagger448 doublebagger448 Apr 27, 2012 3:01 PM Flag

    Chandler Apr 25 - even more aggressive

    Callyou - You obviously have little knowledge of institutional trading and the various pipes. I will not explain where to look. Assuming you are just a retail investor, you do not have access to the institutional trade platforms anyway. I could not care less if you find the data credible or not. Accept it or ignore it. Your choice.

    Now....here’s what I think is going on. RC aggressively stepped-up his buying Wednesday, yesterday and today. Wednesday is the first time he bought blocks in the dark pools. My guess is that he passed the 10% level Tuesday. In the US, once you pass the 10% level, you have to file a Form 3 within 10 calendar days of passing the 10% level. There is NO additional filing required after the 13D (over 5%) until you pass 10%. Hence, RC wants to buy as many shares as possible before he files the Form 3. I expect to see lots of support for the stock through the end of May 4th (the end of his 10 day period…assuming I am correct in my assumption).

 
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