12-10-2013, 09:15 PM
'Movieguy' pid='33746' dateline='<a href="tel:1386632 Wrote:The various bidders (supermajors, etc.) in the lengthy IOC selldown process know best what IOC is worth as they were privy to lots of inside information for which they signed confidentiality agreements. Part of these agreements included a clause where these entities could not purchase IOC shares on the open market, but they could always place a bid (friendly or unfriendly) to buy the company. It has been suggested that now that the selldown deal has been announced, that these clauses expired. I would like to know if that is truly the case. As StreamingEagle has just suggested, These deep-pocketed supermajors, etc. would be great buyers of the stock and would very likely either make very good money on their investment(s) or end up buying the whole company and making a lot more. If the clauses that prevent them purchasing shares are still in effect, I want management to void them. We need buyers, and these buyers could be huge. If these companies are free to buy IOC stock and are not, it is a great mystery as to why, unless things are not nearly as good as we believe and they know this. I can't see how this could be the case, but we should at least consider the possibility, as painful as that may be.
other SM's could also buyout the IPI investors...