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So bang away with the pursuit of a lawsuit. Look at the world financial meltdown. Lots of people were going to suffer, go to jail, lose their jobs, etc. once everything came to light. Still waiting.
I am dealing in business reality. Business in the very dirty resource industry; probably more vile than the banking industry. With all we have seen just in PNG, how can an investor expect that any deal will be above-board with all playing fair? Hard core business deals with the weakest of links eliminated. Truly survival of the fittest in this industry.
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I think corruption pretty much sums it up. Was the pay package misaligned or maybe someone should have checked someones moral compass?
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Also in the Presentation under Disclamers:
"None of the securities anticipated to be issued pursuant to the Plan of Arrangement, pursuant to which Oil Search intends to acquire InterOil (“the Arrangement”) have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issued in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities."
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Page 14
or each IOC share
» Share consideration implies US$40.25 per IOC share1
» Cash alternative up to total of US$770 million – value equal to all share consideration based on 5 day VWAP to 3 days before transaction
close and subject to scale back
» Intention to offer OSH Level 1 over-the-counter ADRs to US shareholders who would prefer ADRs instead of ASX shares
» IOC shareholders to own approximately 21% of combined entity2
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Page 15
CVRexpectedtobelistedasdebentureinstrumentandtradableonASX
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So one can have ADR's plus liquidity of the CVR as a debenture that will trade on the ASX
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OSH ADR's trade on the NYSE today under a program managed by Mellon Bank . End of presentation.
