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InterOil Corporation Message Board

  • frankfj frankfj Feb 26, 2013 11:56 AM Flag

    Ominous

    Let's not fool ourselves, longs. Something is indeed not good. A three point drop in the pps ahead of what we have been expecting to be good news is simply a strong signal that the "good news" is going to be something less than good. Yesterday I suggested that hundreds of people probably have to know WHY IOC abruptly changed the date for 4 Q pps release to occur on Feb 28 instead of late March, which would have been normal. At least some of those people are acting on that knowledge today and they are SELLING!
    So here is what it means to me: IOC has moved up the date of the pps release because they are going to announce a postponement of the deadline for submitting bids, and they don't want to have to say any more about it until mid May.
    Given managements abysmal record for credibility, yet another postponement will have a heavy negative impact on the pps. Insiders know this, and this is why the stock is cratering already.

    As always, I hope I am wrong, but I fear I am right.

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