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+--- Thread: Insider Buying?? (/showthread.php?tid=9154)
Insider Buying?? - jft310 - 09-29-2015
It was stated last week Interoil was gearing down to save cash . When drilling is completed maybe this year till certification payment save money was the statement . Therefore connecting the dots management stated the reason they were not buying stock was drilling , well if we stop drilling then management should be a buyer of stock . My logic at workb.
RE: Insider Buying?? - Stavros - 09-29-2015
That's an interesting view JFT.
To my opinion, it won't happen.
RE: Insider Buying?? - jft310 - 09-29-2015
Stavros using their stated reason to not buy Interoil stock and saying since you are now not drilling when do you buy stock ???
I agree that buying stock is important .
As an aside Carl Icahn has raised his Cheniere Energy stake symbol LNG to over 11 percent .
I say Hey Carl Interoil is cheaper than Cheniere. !!!
RE: Insider Buying?? - Stavros - 09-29-2015
They're still drilling A-4.
When they finish, TOTAL will drill A-6.
IOC will say "TOTAL gives us A-6 Drilling Updates so we can't buy stock."
END OF MESSAGE
RE: Insider Buying?? - jft310 - 09-29-2015
Please read the SPA it says after appraisal drilling is complete the call goes out for appraisal . Window is about 120 days no drilling before certification payment .
That could change if they drill a well simultaneous with appraisal .
Today the SPA says 120 day window @ or plenty of time for management to buy stock .
RE: Insider Buying?? - Palm - 09-29-2015
These guys have no intentions of buying stock in the open market. If they did they could have requested permission at certain times and probably been granted that permission. They will take the freebies granted and have little or no risk in all of this personally. They have this BOD in their back pockets and the BOD does the same thing; take option grants for serving on another BOD.
RE: Insider Buying?? - jft310 - 09-29-2015
Stavros further please go the SEC website and look up how Dr Wu and Morgan and RJ and UBS etc can have information that you do not have .? When one like a Dr Wu makes a disclosure he in fact is making it public vs for institutional use only . He is helping your portfolio value with more disclosure . Your ranting on him and then he withdraws the info actually takes important information away from you and others . Hurting them and you financially in the short term. The SEC makes a clear distinction between individual shareholder info levels of disclosure and institutional disclosure .
Stavros you have never studied SEC law ever and Dr Wu had passed a text on those laws every 2 years . To set yourself up as an expert on something you have never studied or been tested on is a major problem . Suggest you study and get independent testing of your knowledge and not pound on persons who are regulated and understand the rules .
Don't like the rules then lobby the SEC to change their written rules . But don't blast persons who are trying to help you make informed decisions. Dr Wu is but following the written laws.
RE: Insider Buying?? - Stavros - 09-30-2015
Well JFT, I've had enough of this topic and of SHU... This is my last post.
I herewith join Dr Wu in netherland
RE: Insider Buying?? - sageo - 09-30-2015
'Stavros' pid='63243' datel Wrote:Well JFT, I've had enough of this topic and of SHU... This is my last post. I herewith join Dr Wu in netherland
Stavros - Please reconsider your decision . You and Dr. Wu both have contributed many valuable posts to our board members over time. I know Jft and me ,,as well as others, have been a pain in the butt from time to time,but I think we can just mark it up to frustration. Sure hope you will stay. We need ALL of the good knowledge we can get on this board . sageo
RE: Insider Buying?? - steve3752 - 09-30-2015
'Palm' pid='63240' datel Wrote:These guys have no intentions of buying stock in the open market. If they did they could have requested permission at certain times and probably been granted that permission. They will take the freebies granted and have little or no risk in all of this personally. They have this BOD in their back pockets and the BOD does the same thing; take option grants for serving on another BOD.
The restrictions on insider buying while there is drilling are overly restrictive and beyond what is necessary to be legal.
The shareholders need to clean this up as management and the board will not.
No insider buying is shameful in my opinion and inexcusable. They can hide behind the policy they have adopted, but that does not make it right.
Do similiar companies ie Oil Search have as restrictive provisions?
Phil M had his problems, but at least he had skin in the game.