If we have 10.2 T's then we get more cash via the CRV's. Even mo' better!
Re: a possible lawsuit for breach of fiduciary responsibilities. If I may be so bold (oh, why not, I'm in a gambling mood) if the decision is made to sue, I think it would be more strategic and adventageous to all shareholders to file AFTER the deal is done. If the deal is voted down, OSH may decide not to come back with a better offer if such a lawsuit has been filed. What other buy-in or buy-out company would want to work with a bunch of litigious shareholders? Even if the deal is not voted down, what will OSH attorneys advise them? We would be waiting years for that to settle. OSH or anyone else could pick us up for pennies on the 1/2 dollars he's offering us now after the pps plumets.
What do we lose by waiting? Discovery that may, or may not, prove there were better deals being offered? If that IS discovered, then somehow try to coerce that better deal to be accepted? Many many months or years from now? And by whom? Do you really think Phil +4 will take control of the board 2 weeks from now? Uh, and what about the 3 MH directors left? Somehow fire the entire board? Hession and BOD will fight a breach lawsuit for all they're worth because their reputations and future careers are on the line - even if it drives InterOil into a penny stock!
I'm way out of my ken here but, it seems to me that we all might be better off suing the pants off of them AFTER a deal is done, instead of before. If we find there were better deals then sue for damages... and all that other fiduciary breach type stuff. Of course, all of this only relates if it's decided that there's legal (not just moral) merit to the suit.
If this sounds like the stream of consciousness raving of a wild woman at 2 AM, that's because it is. But I think I'll agree with myself in the morning.