What We Know

[admin]

I talked to a fundie contact this am and his first response was that IOC was dead money that still had too much risk. There is also the perception that IOC management are sitting ducks for short manipulation. "IOC potential upside is no longer worth the risk." Can you imagine where IOC would be trading were the overall market not at all time highs? Management needs to take agressive action soon but I don't believe they will. IOC needs every dime of cash for drilling. Sadly, the shorts will be naked shorting the next drilling report and the longs will once again be stunned that the stock price is not inline with their expectations. This company will never achieve reasonable valuation unless it is sold or taken private. You will all eventually agree with this but it could take a few more years for it to sink in.

So you're basically saying that even if they find another Antelope and or Antelope appraisal gets us into 10Tcfe territory, the shorts would just sit on top of us?

Why? Just because they can?

What makes this situation so different than the one of Tesla, Netflix, First Solar, Herbalife, where the shorts have been biting the dust?

[SamAdams]

You are right TA.  I think the most likely result is an attempt at taking it private.  It is clear from the deal process there was no one that "had" to have IOC at the price many of us thought months ago.  I think this would have played a bit differently if the stock was in the $60s at the time of the announcement.  As fun as the run was from $68 to $92, that actually killed the stock post deal announcement.

[trans]

First, TA should make sure he's not being used by the short contacts that rely on "spreading fear", but every time have eventually been proven not true, by my dd. Sure they can influence the price short term, but it may not work the way they plan, or be very likely very short lived. TA's attitude has changed, here, maybe its the decline, imo. These people figure out where to go to spread fear. Hedgie buddy that knows them and they know both him and you spread ideas over here. In fact, I'm careful, because shorts have access to boards like this. Another high level racketeering deal to manipulate a stock, imo. Too bad mgt and regulators don't get on this terrible loophole for big shorts to play this game. Byker......your turn

[mikesioc]

I talked to a fundie contact this am and his first response was that IOC was dead money that still had too much risk. There is also the perception that IOC management are sitting ducks for short manipulation. "IOC potential upside is no longer worth the risk." Can you imagine where IOC would be trading were the overall market not at all time highs? Management needs to take agressive action soon but I don't believe they will. IOC needs every dime of cash for drilling. Sadly, the shorts will be naked shorting the next drilling report and the longs will once again be stunned that the stock price is not inline with their expectations. This company will never achieve reasonable valuation unless it is sold or taken private. You will all eventually agree with this but it could take a few more years for it to sink in.

A couple million dollars allocated to go after the manipulators together with strategy to support the PPS would go a long way.  It could be argued that it is more important than drilling.  How do you get a bunch of oil and gas guys with their heads in rocks to understand this?  We have all seen what can happen when Hession & Co. are tickled by a deal and then pay no attention whatsoever to the delivery.

[cybersssss]

Come on...I don'y buy it. Who is selling here at .40/mcf?!

As you said trans- look to your left and look to your right. This is a bottom.

[SamAdams]

MH statred on the roadshow that he thoughts the shorts were covering here in the $50s.  Maybe some are, maybe some want more.  A thought occurred to me, and this is just intuition, but I think management might want to shake our the shareholder base of both shorts (get them to cover) and longs (those who have been overly optimistic) and have a total reset of the shareholder base.  I could be wrong and i'm not saying by any means the stock drop was intentional (as I've pointed out I think they handled expectations completely wrong) but I think MH might be content to let the shareholder base shake itself out going forward.  That might be naive on his part, an incorrect assumption on my part, but I got no sense they will active either legally or with excess capital to adress the shorts.  I also think the shorts know that.

[Petrovale]

Come on...I don'y buy it. Who is selling here at .40/mcf?!

A lot of options holders, at a rate of 5% per day.

[tarulestheday]

A couple million dollars allocated to go after the manipulators together with strategy to support the PPS would go a long way.  It could be argued that it is more important than drilling.  How do you get a bunch of oil and gas guys with their heads in rocks to understand this?  We have all seen what can happen when Hession & Co. are tickled by a deal and then pay no attention whatsoever to the delivery.

It is more important than drilling IMO. Who cares if they drill and prove up 20 Ts if the stock doesn't reflect that due to criminals naked shorting your stock.

[tarulestheday]

So you're basically saying that even if they find another Antelope and or Antelope appraisal gets us into 10Tcfe territory, the shorts would just sit on top of us?

Why? Just because they can?

What makes this situation so different than the one of Tesla, Netflix, First Solar, Herbalife, where the shorts have been biting the dust?

Yes and Yes.

I don't really follow Tesla, Netflix, etc. so I can't comment on those.

[tarulestheday]

First, TA should make sure he's not being used by the short contacts that rely on "spreading fear", but every time have eventually been proven not true, by my dd.

I understand what you are saying trans but this information about the shorts is coming from the same people who told me that TOT was involved in the sell down prior to the annoucement. They were very positive about that situation at the time.

I'm just trying to convice some of the longs that the drill bit will not solve our share price issues and that the company needs to get much more aggressive to win the battle with the shorts. But I am done making this point here.