+- ShareholdersUnite Forums (http://shareholdersunite.com/mybb)
+-- Forum: Companies (http://shareholdersunite.com/mybb/forumdisplay.php?fid=1)
+--- Forum: InterOil Forum (http://shareholdersunite.com/mybb/forumdisplay.php?fid=4)
+--- Thread: How the Deal will be re-worked after it is voted down (/showthread.php?tid=10447)
How the Deal will be re-worked after it is voted down - davidhmtk - 05-22-2016
The deal is structured wrong - it is asking the people who have a short-term perspective, the shareholding sellers, to be the ones who take the long-term speculative risk of the size of the field. Offer a choice of cash (or shares) or less cash (or shares) and the right to share in the (full Total) certification payment.
That will get the support of shareholders who want to hold on to the risk/reward of the E/A gas field certification and those who want price certainty today.RE: How the Deal will be re-worked after it is voted down - davidhmtk - 05-22-2016
Another version of my proposal: guarantee a price for the CVR's on Day1 of the Takeover.
RE: How the Deal will be re-worked after it is voted down - Stavros - 05-22-2016
(05-22-2016, 08:13 AM)davidhmtk Wrote:Another version of my proposal: guarantee a price for the CVR's on Day1 of the Takeover.
David: You're on the right track. Keep spreading the word.
I posted the following on several SHU THREADS .... I will NOT accept the deal as it stands
I will accept the following deal:
1. Our percentage shareholding of OSH should be markedly increased from 14% to over 25%
We should get far more than 8.05 Shares of OSH per share of IOC. An exchange of 15 OSH Shares for 1 Share of IOC is about right
Hession told us there is a Schist Load of gas in Bobcat and Raptor, yet we are getting NOTHING while he got $3 Million as a Discovery Bonus."
Either I get more OSH Shares, or Hession should give back the Discovery Bonus and go to jail
ALSO, TOTAL is obliged to make an FID Payment to IOC of US$ 517 Million. That got lost!
Why should OSH Shareholders be getting 86% of everything when we were entitled to 100% of it as of last Thursday May 19???
2. The CVR should pay IOC Shareholders US$ 1.00 per mcfe for all gas above 6.2 Tcfe
The current offer is US$ 0.77 per mcfe for all gas above 6.2 Tcfe. This means that OSH is pocketing all the extra that TOTAL is obligated to pay us. The payment would come to US$ 7.85 per Share of IOC per Tcfe above 6.2 Tcfe
3. The CVR should have a floor of at least US$ 30.00 per Share which means a payment for E/A Certified Gas of at least US1.5 Billion.
We have been led to believe TIME AND TIME AGAIN that the GLJ High Case (11.8 Tcfe) is now the Mid Case, which would have engendered a payment from TOTAL of US$2.48 Billion
Even at 9.9 Tcfe, TOTAL would have been obliged to make a Certification Payment of US$ 1.717 Billion
WHY is all the extra CA$H somehow disappearing?
Just by itself, Hession's bonus of $35 Million warrants a lawsuit. He orchestrated this crap deal so that he can get the money and run. A lawsuit, with subsequent disclosure of the FACTS to a Judge/Jury in Yukon, will show the criminal intent and collusion that went on between IOC/OSH/TOTAL
Tusker: Please contact the Lawyers in Yukon to start the process.
RE: How the Deal will be re-worked after it is voted down - davidhmtk - 05-22-2016
'Stavros' pid='70017' datel Wrote:
'davidhmtk' pid='70006' datel Wrote:Another version of my proposal: guarantee a price for the CVR's on Day1 of the Takeover.
David: You're on the right track. Keep spreading the word.
I posted the following on several SHU THREADS .... I will NOT accept the deal as it stands
I will accept the following deal:
1. Our percentage shareholding of OSH should be markedly increased from 14% to over 25%
We should get far more than 8.05 Shares of OSH per share of IOC. An exchange of 15 OSH Shares for 1 Share of IOC is about right
Hession told us there is a Schist Load of gas in Bobcat and Raptor, yet we are getting NOTHING while he got $3 Million as a Discovery Bonus."
Either I get more OSH Shares, or Hession should give back the Discovery Bonus and go to jail
ALSO, TOTAL is obliged to make an FID Payment to IOC of US$ 517 Million. That got lost!
Why should OSH Shareholders be getting 86% of everything when we were entitled to 100% of it as of last Thursday May 19???
2. The CVR should pay IOC Shareholders US$ 1.00 per mcfe for all gas above 6.2 Tcfe
The current offer is US$ 0.77 per mcfe for all gas above 6.2 Tcfe. This means that OSH is pocketing all the extra that TOTAL is obligated to pay us. The payment would come to US$ 7.85 per Share of IOC per Tcfe above 6.2 Tcfe
3. The CVR should have a floor of at least US$ 30.00 per Share which means a payment for E/A Certified Gas of at least US1.5 Billion.
We have been led to believe TIME AND TIME AGAIN that the GLJ High Case (11.8 Tcfe) is now the Mid Case, which would have engendered a payment from TOTAL of US$2.48 Billion
Even at 9.9 Tcfe, TOTAL would have been obliged to make a Certification Payment of US$ 1.717 Billion
WHY is all the extra CA$H somehow disappearing?
Just by itself, Hession's bonus of $35 Million warrants a lawsuit. He orchestrated this crap deal so that he can get the money and run. A lawsuit, with subsequent disclosure of the FACTS to a Judge/Jury in Yukon, will show the criminal intent and collusion that went on between IOC/OSH/TOTAL
Tusker: Please contact the Lawyers in Yukon to start the process.
Stavros - you know the answer - the extra cash ($14/sh at FID), $26?/sh at cert above the CVR = $40/sh and IOC pays for itself to be bought. Personally, I hope the M&A traders drive over the bankers who are trying to price the CVR under $4/sh. Really?