Today's News/Stock Action

[freddiekingman]

IOC will not have to rely on "1,000's", it will have millions with which to go after these bashturds, and a legal staff to help do it would probably be a good use of shareholder money. How many BILLIONS is this company undervalued in some significant part because of these lying libelous criminals?

You sound frustrated?...the asset is still there and with this new CEO our tree looks a little greener than before....so....No reason the shorts have to be taken care off. Period

[Dmarque]

They need to continue going to the SEC, but that is definitely not enough. They think getting this deal done will get rid of the shorts. However, if not, they need to file suit against all of them and drag them into court and through discovery and through the press. I think the results would be very interesting, and perhaps force the SEC to pay more attention as well. It might even facilitate an effort by shareholders to get Congressional involvement in what goes on. Am I dreaming?

Oh that's a solution.....get Government Involved.  Efficiency effectively destroyed by the quagmire of incompetent government officials.  No, let the markets ultimately solve this.  It will get done sooner and more effectively that way. $0.60 gas in a $17 market.......I think there might be some profit in there somewhere.

[Palm]

The shorts have hung their hat on several things over time which IOC has had to deal with and gradually knock out. I don't like the way the shorts have gone about things (lying, hiring Minkow, putting out crap articles like today's, etc.), but gradually IOC has been eliminating the short's big arguements:
1. PNG corrupt and hopeless and will be even more hopeless when Namah is elected PM- Gone with O'Neill being elected last year (or at least severely reduced)
2. Bad or no resource- For most part gone with Ant 3 success, T2 discovery and other prospects in wings
3. CEO can't get them there- Gone and more than adequately replaced by today's announcement
4. No interest from majors/SMs- Gone and now in negotiations with best of breed Exxon
5. No interest in PNG- Gone with many comments and confirmed by new CEO today
6. No cash, no cash, no cash- Still an issue, but much less of a concern
7. Will never consumate a deal and if they do it will be a bad one- That's about all they have left

So #7 really is about it nowdays. Today's crap article and shorting is frustrating, but in the end door #7 has to be opened and all indications and feelings are that it will get done and it will be very good. But we have to see it. Ultimately if things are good (even if it's LT closer to LNG production) shorts will likely move on. They have made a lot of money on IOC with the volatility, and so have a lot of longs. IMHO those with a LT outlook (toward an LNG project cash flow) will be rewarded; either close to that time and/or on the way up with trading around a core long position.

But I have to disagree with the point that the only way shareholders can win is with IOC going private. There is that, but there is also the LT wait to cash flow, and a buyout. IMHO shorts are at a disadvantage with #7 looming. Sure they might launch another attack when a deal is announced, but if it's what we think and hope, money sitting on the sidelines will come in, and they will likely lose the war, even though they have won many battles.

For IOC management to waste a lot of time and money going to court IMHO will do little. They likely will continue to do as they have in the past. Present the type of info that helped put Minkow away. Maybe they have something on naked shorting/manipulation. But I'd rather they focus on #7 and doing what the new CEO said today; get the deal with Exxon done, and move forward on an LNG project.

[Getitrt2]

dmarque, you don't need to be getting sarcastic, condescending, or stupid anti-government political on me. If the court systems in this country did not have valid uses and competencies, intelligent businessmen would not be spending billions making use of them every year.

As far as IOC is concerned, I am allowing and hoping for your solution. As I said above, "They think getting this deal done will get rid of the shorts. However, IF NOT, they need to file suit against all of them and drag them into court and through discovery and through the press. I think the results would be very interesting, and perhaps force the SEC to pay more attention as well. It might even facilitate an effort by shareholders to get Congressional involvement in what goes on. Am I dreaming?"

We will see if the underregulated "free market" can take care of this and produce a valid result anytime soon. I sincerely hope so, but I admit I have less faith in that now than I used to.

[Investor1979]

dmarque, you don't need to be getting sarcastic, condescending, or stupid anti-government political on me. If the court systems in this country did not have valid uses and competencies, intelligent businessmen would not be spending billions making use of them every year. As far as IOC is concerned, I am allowing and hoping for your solution. As I said above, "They think getting this deal done will get rid of the shorts. However, IF NOT, they need to file suit against all of them and drag them into court and through discovery and through the press. I think the results would be very interesting, and perhaps force the SEC to pay more attention as well. It might even facilitate an effort by shareholders to get Congressional involvement in what goes on. Am I dreaming?" We will see if the underregulated "free market" can take care of this and produce a valid result anytime soon. I sincerely hope so, but I admit I have less faith in that now than I used to.

Perhaps it would help alot if all the institutions/mutual funds owning IOC ( about 85-90 % ) would stop lending their shares to be sold short. ridiculous to lend for a few percent, and incur much bigger losses on the long side.

[Getitrt2]

IOC will not have to rely on "1,000's", it will have millions with which to go after these bashturds, and a legal staff to help do it would probably be a good use of shareholder money. How many BILLIONS is this company undervalued in some significant part because of these lying libelous criminals?

You sound frustrated?...the asset is still there and with this new CEO our tree looks a little greener than before....so....No reason the shorts have to be taken care off. Period

DOW up 169, IOC news on a great CEO hire and stock up $0.13 (0.19%), and you think there is no problem, Period?

Note per what I said above, I am allowing for your market solution:  "THEY THINK GETTING THIS DEAL DONE WILL GET RID OF THE SHORTS. HOWEVER, IF NOT, they need to file suit against all of them and drag them into court and through discovery and through the press. I think the results would be very interesting, and perhaps force the SEC to pay more attention as well. It might even facilitate an effort by shareholders to get Congressional involvement in what goes on."  I hope what you say is enough, "period", but we will see.  I just don't have as much faith in that as I used to.

Whether you realize it or not, I can personally attest to the fact that there are a hell of a lot of frustrated shareholders, not just me.

[Getitrt2]

dmarque, you don't need to be getting sarcastic, condescending, or stupid anti-government political on me. If the court systems in this country did not have valid uses and competencies, intelligent businessmen would not be spending billions making use of them every year. As far as IOC is concerned, I am allowing and hoping for your solution. As I said above, "They think getting this deal done will get rid of the shorts. However, IF NOT, they need to file suit against all of them and drag them into court and through discovery and through the press. I think the results would be very interesting, and perhaps force the SEC to pay more attention as well. It might even facilitate an effort by shareholders to get Congressional involvement in what goes on. Am I dreaming?" We will see if the underregulated "free market" can take care of this and produce a valid result anytime soon. I sincerely hope so, but I admit I have less faith in that now than I used to.

Perhaps it would help alot if all the institutions/mutual funds owning IOC ( about 85-90 % ) would stop lending their shares to be sold short. ridiculous to lend for a few percent, and incur much bigger losses on the long side.

You are right, but that is a part of the system that is legal, and part of the make money any way you can ethics of Wall Street.  It might even serve their purposes if they are trying to accumulate more at lower prices, a sort of indirect legal method of manipulation.  However, a lot of what is done by shorts is not even legal, much less honest or ethical.  Of course, allowing shorting at all invites abuses, especially with regard to smaller companies.  Given it is allowed and probably always will be, they ought to at least do a much better job of policing it and acting on abuses.

Perhaps at some point when it will best serve them, large holders will do what you say, which could put a huge hurt on shorts.  I would love to see that risk for them come about.

[Getitrt2]

Palm:
"For IOC management to waste a lot of time and money going to court IMHO will do little. They likely will continue to do as they have in the past. Present the type of info that helped put Minkow away. Maybe they have something on naked shorting/manipulation. But I'd rather they focus on #7 and doing what the new CEO said today; get the deal with Exxon done, and move forward on an LNG project.

Palm, I totally agree with that at the present time. However, if that doesn't get the needed results with the shorts and the stock in a reasonable time, they need to seriously consider what further actions need to be taken.

[Putncalls]

IOC at 100$ or more will drive the shorts away! PERIOD!

[kkozkkoz]

IOC at 100$ or more will drive the shorts away! PERIOD!

If I'm not mistaken we were above 100 on May 24 and the shorts came back with a vengence.