'Stavros' pid='78303' dateline='<a href="tel:1481635 Wrote:To my opinion, the only way this can be positively resolved is if a new offer, based on this new valuation, is accepted by Dr Mulacek, and he subsequently withdraws his law suit. Mr Hession can go to Cuba and stay there.
I agree. What can this short extension achieve? The deal is dead. The court has ruled. It can't be undone. Perhaps this is what they are doing. IOC and XOM are renegotiating the deal so that it will have new conditions and a new timeline, but it will be labeled by MH as the same deal but with improvements. Perhaps doing it under that framework gives them procedural short cuts. So between now and Dec 21 we'll be hearing of the newly announced deal with an expedited shareholder voting process to be concluded BEFORE A7 IS EVALUATED AND BEFORE THE RECERTIFICATION IS DONE. PM will have to sue all over again if he doesn't liike this one.
In any case I sense another attempt by MH and XOM to rip us off. Surely XOM does not want to delay and have to contend with higher oil prices, A7 positive results and higher recertification. For them this is one of 2 outcomes - snatch victory from the jaws of defeat OR snatch defeat from the jaws of victory.
Hopefully the shareholders that have voted yes have woken up.