Silence Is Golden

[katytrader]

A number of threads have comments reflecting unhappiness on the lack of communication from IOC on process, progress, updates on bids, partner selection etc., ad inf.  I contend that shareholders should be PLEASED that management has kept a tight lid on everything because the corporation has NOTHING to gain from disclosures before a deal is in hand.  Look at how both longs and shorts have been pulling apart sentences, phrases, and words from press releases and conference calls.  What is there to be gained by offering more for dissection and speculation, to say nothing about the inevitable accusations that management violated its own confidentiality strictures?

I may be new to this board, but for 35 years I taught Negotiations courses in MBA and corporate programs, as well as having done a bit of consulting on Negotiations as well.  In a professional capacity I would have advised IOC simply to STFU, as I am sure that the IBs and lawyers have already done.  As a shareholder I am pleased with IOC´s discipline to be leak-proof and I am willing to wait for the public announcement that the law requires.   If this does not work for other shareholders, well, I guess they might be happier investing in US paper and hanging on every word of Bernanke´s statements to the US Congress.  There are lots of words to ponder in those testimonies.

[admin]

Wise words, katytrader.

[ArtM72]

Thanks for sharing your expertise. I believe you are on the money. But I for one kindof enjoy the soap opera. That's how I explain it to my wife anyway. If only real money weren't involved '-)

[cybersssss]

100% agree...You cannot successfully negotiate if you have to announce every time someone farts to the entire stockholder base. At least Phil has his money where his mouth is.

[ellerslick]

Thanks for sharing your expertise. I believe you are on the money. But I for one kindof enjoy the soap opera. That's how I explain it to my wife anyway. If only real money weren't involved '-)

Art welcome to Shareholders Place, for your viewing everyday.

[katytrader]

Thanks for sharing your expertise. I believe you are on the money. But I for one kindof enjoy the soap opera. That's how I explain it to my wife anyway. If only real money weren't involved '-)

Art, I too have found a lot of entertainment in this soap opera, even with a fair chunk of money betting on the outcome.  I just don´t think IOC management should be adding to the drama by making statements which would inevitably lead to demands for clarification, elaboration, and so on.

Management has more than enough to deal in this high stakes game and, lest we forget, they also have an ongoing business to run.  As I recall, IOC shareholders did not complain about the lack of communication prior to the announcement of the new relationship with Pacific Rubiales.  So let´s let´em get on with it.

[Palm]

A number of threads have comments reflecting unhappiness on the lack of communication from IOC on process, progress, updates on bids, partner selection etc., ad inf.  I contend that shareholders should be PLEASED that management has kept a tight lid on everything because the corporation has NOTHING to gain from disclosures before a deal is in hand.  Look at how both longs and shorts have been pulling apart sentences, phrases, and words from press releases and conference calls.  What is there to be gained by offering more for dissection and speculation, to say nothing about the inevitable accusations that management violated its own confidentiality strictures?

I may be new to this board, but for 35 years I taught Negotiations courses in MBA and corporate programs, as well as having done a bit of consulting on Negotiations as well.  In a professional capacity I would have advised IOC simply to STFU, as I am sure that the IBs and lawyers have already done.  As a shareholder I am pleased with IOC´s discipline to be leak-proof and I am willing to wait for the public announcement that the law requires.   If this does not work for other shareholders, well, I guess they might be happier investing in US paper and hanging on every word of Bernanke´s statements to the US Congress.  There are lots of words to ponder in those testimonies.

Halleluia! Tell the story Katy!! Breath of fresh air post. I would bet that behind the veil it's anything but silent but when the time is right we'll be enlightened. Thanks for the post.

[dogcat]

A number of threads have comments reflecting unhappiness on the lack of communication from IOC on process, progress, updates on bids, partner selection etc., ad inf.  I contend that shareholders should be PLEASED that management has kept a tight lid on everything because the corporation has NOTHING to gain from disclosures before a deal is in hand.  Look at how both longs and shorts have been pulling apart sentences, phrases, and words from press releases and conference calls.  What is there to be gained by offering more for dissection and speculation, to say nothing about the inevitable accusations that management violated its own confidentiality strictures?

I may be new to this board, but for 35 years I taught Negotiations courses in MBA and corporate programs, as well as having done a bit of consulting on Negotiations as well.  In a professional capacity I would have advised IOC simply to STFU, as I am sure that the IBs and lawyers have already done.  As a shareholder I am pleased with IOC´s discipline to be leak-proof and I am willing to wait for the public announcement that the law requires.   If this does not work for other shareholders, well, I guess they might be happier investing in US paper and hanging on every word of Bernanke´s statements to the US Congress.  There are lots of words to ponder in those testimonies.

I appreciate your knowledge and background.  Simply put, it would be beneficial to have a positive statement from the spokesperson of the company saying that long-time investors will be pleased with our progress and outcome.  Perhaps you should also respect the thoughts/efforts of 'long-time' investors that have hung in with this company and intend to continue.  We do have some degree of knowledge of what we are doing.

[dogcat]

I appreciate your knowledge and background. Simply put, however, it would be beneficial to have a positive statement from the spokesperson of the company saying that long-time investors will be pleased with our progress and outcome. Perhaps you should also respect the thoughts/efforts of 'long-time' investors that have hung in with this company and intend to continue. We do have some degree of knowledge of what we are doing.