'ltinvest' pid='25490' datel Wrote:
'ltinvest' pid='25455' datel Wrote:I have oft been asked if I have any insight to the timing of a finalized deal with Exxon. My standard and honest reply has been I have a lousy track record predicting the timing of major IOC events. With that understanding, I have seen some anecdotal evidence as of late that makes me feel optimistic.
"InterOil's CFO and head of IR met with at least two of the company's biggest shareholders on their way to Asia this week. I was told they made an offer for the funds to sign NDA's and be temporarily restricted from trading in return for learning the terms of the SPA with XOM, implying the deal must basically be done and there's nothing left to negotiate. So it wouldn't surprise me if the big announcement is days or maybe a week or two away at most."
hmmmmmmm.
I'm not an expert on this but that sounds illegal to me. Let me see the terms, give me a week or more to examine them and figure out all their ramifications and implications for IOC's value, estimate how the market will likely immediately react and how it will react when it's figured out what isn't immediately apparent, and plan my trading strategy accordingly--and I'll happily promise not to trade until the terms are released. I'll have at least a few hours of trading when my knowledge will be way ahead of everyone else's. Doesn't the SEC have rules that prevent dissemination of info to select shareholders, regardless of NDA's and trading restrictions?
