Thoughts on the OSH Deal, FWIW

[katytrader]

["IOC was quickly entering another point of no return IMHO. MH and they BOD likely heard from all directions that it was time to go."]

Well, if nobody wants you at the party but have no legal means to get you out, perhaps they should incentivize you to leave. Incentives, after all, is language that our board can relate to.

  In thinking of leverage, I would think that a better deal could be had if a few of the funds let Botten's bankers know that they would tank the OSH share price if terms were not improved.   Timing should coincide with PNG election so that O'Neill adds pressure to sweeten.  After all, he and his government are benefiting from their OSH investment problem now looking like a wise investment in the future of PNG in the face of the continuing criticism of the legality of that deal.