05-28-2016, 09:33 PM
Let's talk facts . Oil Search used a 33 percent dilution of their stock to build PNGLNG . Now they are issueing 27 percent more shares to buy Interoil . This talk about low finances just shows the differences between a Botten who has never been afraid to use his stock for good purposes and then a Hession who has never issued stock and thus our cash position is shall we say weak ???
Phil issued stock quite often for good purposes like drilling , etc . And the market gave him the money , the offering at $75 was over subscribed because of the promised drilling . Can you see a difference in style?
To compare we ate giving up a 30 percent interest in one LNG plant for a minimal interest in 2 LNG plants . Our ownership position is to low in this deal . And yes we can get better terms if you vote no deal !!!
Phil issued stock quite often for good purposes like drilling , etc . And the market gave him the money , the offering at $75 was over subscribed because of the promised drilling . Can you see a difference in style?
To compare we ate giving up a 30 percent interest in one LNG plant for a minimal interest in 2 LNG plants . Our ownership position is to low in this deal . And yes we can get better terms if you vote no deal !!!