06-20-2016, 02:59 AM
along with a so-called "contingent value right"
The media is beginning to see past the spin for sure.
In the interim, Botten hints a delay on EA certification with IPI to be resumed after A7 is drilled which could be stretched out to miss the timeline. At which point IOC shareholders will be told they get all of the upside in OSH pps appreciation. It's always something further out.
There have been two EWT's on A5. Dr. Libor Plus 6 says there is enough gas for two trains. Botten is on record saying 5T's but they come up with 6.2T's to serve who? Simple math says they know there is 7.4T's and the diff was split down the middle and viola. 6.2!!! But no, we have to drill A7 first.
So in the end, shareholders will be put in a position to vote on a deal with no end in sight other than OSH shares with one unknown IOC exec getting a seat on OSH BOD (shhh...its a secret) to be acquired by an Aussie listed company buying a NYSE listed company (incidentally David Wu told me last fall that an Aussie listed company could not buy a NYSE listed company in a stock deal, yet another lie) that has Yukon based corporate by-laws doing business in PNG.
It doesn't have to be this complicated, but Botten has Dr. Libor Plus 6 buns up kneeling for his 50M dollar payday. Yet he is not the one being screwed here, IOC shareholders are.
The media is beginning to see past the spin for sure.
In the interim, Botten hints a delay on EA certification with IPI to be resumed after A7 is drilled which could be stretched out to miss the timeline. At which point IOC shareholders will be told they get all of the upside in OSH pps appreciation. It's always something further out.
There have been two EWT's on A5. Dr. Libor Plus 6 says there is enough gas for two trains. Botten is on record saying 5T's but they come up with 6.2T's to serve who? Simple math says they know there is 7.4T's and the diff was split down the middle and viola. 6.2!!! But no, we have to drill A7 first.
So in the end, shareholders will be put in a position to vote on a deal with no end in sight other than OSH shares with one unknown IOC exec getting a seat on OSH BOD (shhh...its a secret) to be acquired by an Aussie listed company buying a NYSE listed company (incidentally David Wu told me last fall that an Aussie listed company could not buy a NYSE listed company in a stock deal, yet another lie) that has Yukon based corporate by-laws doing business in PNG.
It doesn't have to be this complicated, but Botten has Dr. Libor Plus 6 buns up kneeling for his 50M dollar payday. Yet he is not the one being screwed here, IOC shareholders are.