Seriously, why do you care what Adam G writes on SA? His writing is poor and his research is worse. Most people that read SA articles focus more on the comments anyway, and Adam G cannot respond to any of them. Anyway, no one serious buys or sells based on SA. The stock is down on no volume; it's tracking at 30% of ADV at this point. Just noise. Move on and don't give hack articles their 15 minutes.
Amazing. After quoting "a friend" in his last piece, a friend who did not tell the truth, he now resorts to pure assumptions, a long list of concerns that mean nothing. IOC set forth up front, it was not holding a public process. Everything in this new piece is written to context two processes against one another, when the decision to not have public bidding was made months ago. Did he just notice that simple fact? Duh?? And its worthy of news? IOC has a written agreement and confidentiality agreement with all its investment bankers and bidders. IOC succeeded in receiving bids. AG dances around these facts to suit himself. He just wants to say "I told you so" if a lesser deal is finally struck, but on a pure guess. Nothing more. Petromin dismantling does have an effect, it has to. He leaves that out and probably does not know who Petromin is or what they were doing and most importantly, what happened to cause the sudden dismantling of the corrupt organization. O'Neil and his very recent trip also has an effect. The company set forth in advance that April could be consumed in their decision process. Sorry, this time AG will get not one share to sell. If anything, the firmament may buy on this piece because it demonstrates no DD prowess at all. Was AG using Petromin info and is he now steering blind?? AG, have you heard Royal Dutch Smell may have been short 4 million shares of IOC (directed) to hurt their competitor in the region and hamper them? That might make a worthy piece.
Good comments, geff. He is not concerned about facts and honesty in his obvious criminal attempts to mislead honest investors to sell, and thereby manipulate the stock for his personal gain as a short.
I may be wrong; wontok at least allows for some deals. I just thought it curious that they both came out with articles some of which covered similar ground, at the same time.. Perhaps the failing points made by shorts is leaving them less and less to focus on. Soon they'll be relegated to pointing to the different phases of the moon.