12-17-2016, 03:47 AM
'Relker' pid='78479' datel Wrote:
'johnwgrant' pid='78473' datel Wrote:They (IOC) seem to be in an unseemly haste to sell (out?) the company. Why not wait for the results of A7? Surely a few months would not matter to the cash flow that much !!! Is there some "hidden hand" (PNG gov't) that is threatening them ? Bankers ???XOM can penalize IOC for doing things which obstruct the deal. So, they must be careful and team up with XOM to proceed with the deal without "troubling" the shareholders.
Relker, agreed, however that is a position to which our BOD willingly submitted. They didnt have to put IOC at risk, there was no cliff-hanging imperitive, rather, it was economically expedient for the CEO and his crony's and so IOC was leveraged for their personal gain.