Apparently it is my fault entirely that InterOil is trading around $35. My posts have driven billionaires, mutual and hedge fund managers, as well as the hapless individual investor from this stock in droves. I have accomplished my goal to drive the share price down so much that I will now be able to swoop in and close my short position (or cover my options, I think it was). I was able to single handedly delay the certification so long that InterOil is now running dangerously low on cash. Simultaneously, I have been convincing all the world oil producers to overproduce and flood the market causing havoc with our partners and causing them to reevaluate projects on a global scale.
One of my most amazing feats was to convince every single member of the executive committee and the board of directors to avoid purchasing any shares of InterOil stock in the open market. I told them of my plans, and how long I could delay the project so they could become very wealthy over time simply by getting free shares, options and rights for doing nothing and not spend any of their own money.
I was the one responsible for changing the minds of the IPI investors when Dr. Hession already had “agreements with most” of the minority investors locked down. I told Oil Search to gunk up the deal. To be fair, the IPI ended up with a much better deal than the shareholders of IOC received. The IPI got $900,000,000 in cash for their 22.8% of PRL 15 while IOC only got $401,000,000 for 40.1%. Yes, I know both will get more in the back end, but if I keep pushing back certification, who knows when. I guess with the oil collapse, a bird in the hand was not a bad deal.
The hardest part of my whole plan was manipulating Dr. Hession. He kept saying he wanted to inform shareholders on a more constant basis, but I convinced him to let Oil Search and Total control the narrative. I personally wrote the Total press release that said they bought the Elk Antelope gas field for $600 million. I said “don’t worry, go catch you flight, I got this covered”. Dr. Hession was adamant that the IPI minority holders were no going to be on the JVOA, so I told him “don’t worry, just tell Wall Street you have an agreement with them, they will fall in line”. I took advantage of him because I knew he wasn’t great at math. I showed him that if he just pretended he had the IPI stake, we could allocate 100% of PRL 15 even though InterOil only owned 75.6%. He was worried when Oil Search bought the IPI stake and filed arbitration that InterOil wouldn’t be able to keep the original timeline, but I told “don’t worry, just tell Wall Street you will still get the certification payment in 2015”.
It really was me. It is my entire fault. Since we are finally at Year end 2015 without the certification payment in hand, I have achieved all my goals; therefore I have decided to take leave of this board. I want to thank Admin & Hemi for all their hard work and effort with SHU (and allowing me the extra storage space). I also wish to thank so many very knowledgeable posters but especially Pet, Palm, Tree, Trans, and Stavros. (Palm, be careful they might come after you next.)
Since this is my last post, it wouldn’t be a Gator special without a picture. This picture was a classic manipulation on my part of Hession. I can’t believe I slipped this by him in the official press release announcing the deal with Total in December, 2013. 1.6% is most of 24.3886%, right?
Good luck to all my fellow shareholders.
Gator
