(06-16-2016, 11:49 PM)jdeo1969 Wrote: So again, we are seeing the authors of the articles put forth yesterday are in the pocket for the current leadership and are not serving the shareholders with analysis that tells the entire story, but serves to get the outcome they desire. Yet another layer to the corruption in this entire story.
I don't agree with you here, JFT. This article is the first published that I've seen to reveal a major crack in the PR campaign. This is the first article that recognizes there is real and potentially growing opposition to this deal, and the number of dissidents is very significantly greater than the 7.5% under the direct control of Mulacek.
This writer is getting it right. Now, as an Aussie I'm not sure she is appreciating the potential destruction of OSH sharevalue with a deal where American funds' ADRs are dumped on the market following the delisting of IOC from the NYSE. Maybe that's part of the 'grand plan' that will allow the even cheaper acquisition of the gas and condensates in Gulf Province as a corporate raider comes in to steal OSH.
In the long run it might be better for everyone involved to nix the deal, learn to play nice and have PNG maintain access to American capital markets with their partner, IOC. That would require however the cancer that is Michael Hession to be surgically removed.