Sell Down or Buyout?

[jft310]

Problem with the logic of buyout is the Company must be willing to sell at the offered price. Look at Cove up 400 percent. The top ten shareholders will not vote to sell all of IOC at 100-200 percent of the current price. That's 70 pet cent of the shareholders. Therefore needs a hostile bid and IOC has a poison pill that prevents that. Will happen above $ 20 billon market cap that's the Mitsui contract price. When ??? That's the question???IOC will be in play post selection of the winning bid. Right idea wrong price. Direct from them to you now.