Why is IOC down so much today? | IOC Message Board Posts

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Msg  4513 of 13357  at  3/26/2010 3:29:29 PM  by

us2u001


 In response to msg 4511 by  amstocks82
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Re: Why is IOC down so much today?


 
 Not funny but interesting is that one of Minkow's themes has been that the refinery is worth no more than $5 to Interoil. This lawsuit is solely focused on the refinery and only at max 20% participation  in  it if they won all they want, which seems to have odds of slim to none,  so what's that a buck ($1) Barry ? Today that 20% of $5 has taken $12 off the share price. 
 
  If you read the lawsuit fat chance of extending any ownership rights at all beyond the refinery if at all given all but one of these parties has already taken money/stock  as a buyout on their participation.  There is only one guy , Todd Peters who did not take a buyout and he owned 1 unit of 40 sold. Then there is the issue of a well defined statue of limitations, lots of corporate firewalls between the parties of this suit and Interoil itself. What a fickle lady the market is.


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Msg # Subject Author Recs Date Posted
4524 Re: Why is IOC down so much today? nmvranian 0 3/26/2010 4:29:14 PM








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