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InterOil Corporation Message Board

bonkthegrups 5 posts  |  Last Activity: Nov 16, 2015 6:38 PM Member since: Oct 26, 2009
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  • Reply to

    Robin Hood Conference

    by keubiko Nov 16, 2015 3:55 PM
    bonkthegrups bonkthegrups Nov 16, 2015 6:38 PM Flag

    Just emailed to you MS.


    PS see you at the "short cabal" meeting on Sat.

  • Reply to

    Martini: YOU'RE WRONG

    by mspieks Nov 13, 2015 9:29 AM
    bonkthegrups bonkthegrups Nov 13, 2015 12:14 PM Flag

    MS, note some of that cash is restricted. So $118M free cash. Back out the $70M convert and we're about $50M equiv as at Sep 30. But we are in November now, and if they are burnign say $50M a Q they are getting close to effectively zero, give or take.

    They have the $300M line. BUT check the covenants. Equity can't fall below $500M. If you look at where they are and what they are burning it's likely they wouldn't be able to tap the whole thing.

    They really need to get that Total money in the door or they are in a world of hurt in a few quarters.

  • Reply to

    here they come; shorty

    by zerobonk Nov 13, 2015 11:04 AM
    bonkthegrups bonkthegrups Nov 13, 2015 11:53 AM Flag

    We never left, zero. We've been monitoring the situation closely and our sleeper cell has been activated by desperate trapped naked shorts.

    Big meeting in Tilson's basement Saturday night. Takes a lot of wolves to take down a moose.

    Sentiment: Hold

  • My estimate is they were around $100M on Sep 30 (assuming no borrowing). With the convert due this month I think their cash is nearly gone, and will have to start borrowing soon. If I were a Total I would delay delay delay to get these guys on the mat.

    Will know more tomorrow. 2016 is 6 weeks away and IOC in the 30s. Who would have guessed.

    Hession pretty much played the hand he was dealt. If you want blame anyone one, blame Mulacek and Byker.

  • bonkthegrups by bonkthegrups Sep 11, 2015 9:43 AM Flag

    Was one of my most vicious and paranoid attackers. He basically told me I was going to jail because of my "underhanded activities" re: IOC (you know, like pointing out facts that are now proven, that they should do production and communication testing which they are now doingm, and so on), and also because of my "involvement with the illegal hit" on NQ Mobile, now a proven fraud.

    I admit it is rich seeing him go off the hizzle.

39.75+0.44(+1.12%)Nov 25 4:02 PMEST