It seems to me that the Interoil naysayers were really taking a short position in Phil Mulacek. Now that he is no longer the CEO of Interoil I think we will see some significant covering of those positions. When a new great CEO is announced there will be nothing left to argue on a short position. Therefore a short seller can (1) wait for a new great CEO or (2) wait for the selldown transaction that the company has confirmed. Each position is problematic so I conclude they will cover now and the share price should rise from here until the deal announcement.
My logic is that if there were no great deal there would be no reason to retire.
I think congratulations are soon to be in order. Fingers crossed. Fortunately for me I just hold shares and not options. " border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/tongue.gif" />
Thank you for this forum.