(06-11-2016, 01:22 AM)Libtardius Maximus Wrote: Anybody that would vote yes on this deal without first knowing the final certification number of OSH-IPI is just plain nuts. Demand the answer next Tuesday.
That leads us to observe it's pretty damn clear from this thread that the financial aspects of this deal were rushed and remain even to this date incomplete. So much initial criticism over the deal was dismissed by Hession saying because the agreement was complex due to the CVRs the shareholders did not yet understand. Now we find out that so focused were these guys in getting the deal done they didn't have time to establish a clear pay plan. They didn't consider HOW thousands (?) of American investors would get paid in a buyout of a Canadian company to a PNG company traded on the Australian exchange, or how to structure the deal to mitigate the tax consequences. Personally I've got lots of shares sell at a loss thanks to Pinko yet there remains a very real possibility I'm going to have to pay earned income on the CVRs?
I'm still wondering how much selling pressure there will be on the market for OSH stock...or for that matter IOC stock...as funds unload IOC/OSH because of a wide range of trading restraints. Anybody on Hession's Board of experts bother to ask the question and demand an answer? I'm willing to bet the Board barely considered the Agreement before it was put to vote.
"Why NOW?" Should be the New York chant at the Essex. Demand an answer.