Is it wise to be short when IOC has announced that bids have been received and that they will be dealt with in March?! Keep in mind such bids are for billions of dollars and are complicated. No doubt, IOC is not allowed to comment in any detailed manner until a final decision is made as to the buyer/partner.
If its all a big fat scam, yes it would be wise, and the brokerages would have shorted against all their clients, secretly, in their CRM or "client risk management" hidden account. FINRA knows about it and condones it. You cannot subpoena it or see it. This is the big problem with brokerages having the inside track. If hope for everyone, there really is gas and its not a scam.
It is presumptuous on your part to presume the bid "proposals" will be worth "billions". I'm bettting the bids will either be rejected or will be so full of contigencies that it will take hours to figure them out.
And then there's that SHELF REGISTRATION InterOIl just paid the SEC $136,400 in fees to register!
Ha! Ha! Why isn't Phil talking about that one! Ha! Ha!
Oh, I forgot, Colin Visaggio, the Australian is the mouthpiece these days! LOL