NO Counter Bid from Total

[jft310]

Relker there are lots of scenarios where IOC could have survived . Some used only cash on hand and Total receipts as available cash when nothing was further from the truth . If the markets saw progress a large equity raise would have worked . Credit Suisse did the work and they stated Interoil would need to raise $1.2 Billiln not all at once to bridge into first gas . That could have happened . Other oil companies smaller ones have been raising cash , The problem was Hession and his greed in getting something announced by mid July this year for an extra bonus . It's simple he wanted to cash out .
Why did Byker ever offer that bonus to sell the company ??