11-19-2013, 12:50 AM
'TomCrooz' pid='32009' datel Wrote:
'Tree' pid='32007' datel Wrote:Look for the liquidation of Phil's mega-IOC stake as he is onto further PNG ventures. Can it be shopped in large blocks or does it need to be liquidated on the open market? We prosper from his vision.Why would he sell before share price reaching 200-300-400+ levels? That would be leaving hundreds of millions on the table. Is he going to create that kind of wealth with another venture?
I don't believe he could sell now since he is aware of inside information. He would have to wait for an announcement to avoid the wrath of the SEC. May be that board meeting just just aren''t any fun when you don't get along with any of the other directors. Better to pick up all your marbles and move on. After deal is announced, decisons will be made on what he sells.