07-22-2012, 07:33 AM
'admin' pid='7082' datel Wrote:Yes, thanks for that, Pet. However, what Phil wants and how the situation will end up might not be the same. I think there is a reasonable prospect that there will at least be a serious attempt at taking over the company, for instance.
I believe you are right. In fact I think they may have even said as much. I think I recall a statement from somewhere that they said (and I paraphrase) if someone makes a reasonable offer for the Company it is out of our hands. In other words if it is in the best interest of the shareholders it will have to be considered and I presume a bidding contest might ensue, assuming there is more than one entity interested in owning IOC's assets.