06-13-2014, 05:06 AM
I've seen this all before, to be honest. InterOil was in a much more dire straits, financially, but they survived. Consecutive years on RegSHO (we haven't seen that here), hired trolls and even criminals, defamation of the company and those who defended it, etc. etc. It was absolutely nauseating.
But they survived.
A tell-tale sign is when shorts simply shift "arguments" faster than Imelda changes shoes. I remember when one of the shorts tried to argue that they were "conviction shorts" betting on the demise of Japan (which the largest LNG importer). The only "conviction" the shorts had was the conviction to throw everything and anything at the wall in the hope something would stick, and even if nothing did, they could still argue the company was "controversial"
Like I say, absolutely, thoroughly nauseating, but if/when PwC signs off, the worst will be over.
But they survived.
A tell-tale sign is when shorts simply shift "arguments" faster than Imelda changes shoes. I remember when one of the shorts tried to argue that they were "conviction shorts" betting on the demise of Japan (which the largest LNG importer). The only "conviction" the shorts had was the conviction to throw everything and anything at the wall in the hope something would stick, and even if nothing did, they could still argue the company was "controversial"
Like I say, absolutely, thoroughly nauseating, but if/when PwC signs off, the worst will be over.