01-26-2013, 04:31 AM
Pet, I haven't for the life of me understood why someone hasn't already bot out IOC, playing with the numbers. I do have a point to consider also though, and I' sure this has been contemplated by the IOC suitors.
1. Investment managers (IM's) own, lets say, 65-70% of the company. So, actually they may in the catbird seat on this type outcome ultimately. As long as they go along with mgt, the board has the say so.
2. Now, think about what might unfold if a good high offer for the company was made, and at what price, to pursuade the IM minds to sell out, even if it does not meet Phil's price.
3. I wouldn't be so sure that some of our big holders haven't already been approached quietly to see if their block of stock would be available by a suitor, and at what price. If they haven't already, then I believe they will be. Control of this company could possibly be obtained by a few big blocks.
4. It seems to me that 4 mil acres and 40 prospects could easily be shared by two or more BIGs combining for a company takeout and not cost any of them nearly what one would have to pay to buy IOC and develop. A two or more offerors combination for the whole ball of wax could meet both their objective easier and Phil's too.
Food for thought.
1. Investment managers (IM's) own, lets say, 65-70% of the company. So, actually they may in the catbird seat on this type outcome ultimately. As long as they go along with mgt, the board has the say so.
2. Now, think about what might unfold if a good high offer for the company was made, and at what price, to pursuade the IM minds to sell out, even if it does not meet Phil's price.
3. I wouldn't be so sure that some of our big holders haven't already been approached quietly to see if their block of stock would be available by a suitor, and at what price. If they haven't already, then I believe they will be. Control of this company could possibly be obtained by a few big blocks.
4. It seems to me that 4 mil acres and 40 prospects could easily be shared by two or more BIGs combining for a company takeout and not cost any of them nearly what one would have to pay to buy IOC and develop. A two or more offerors combination for the whole ball of wax could meet both their objective easier and Phil's too.
Food for thought.