A Fund Manager Told Me > > >

[Stavros]

In reponse to my question as to whether his Fund that holds IOC will vote BLUE, this Manager said the following. I hope that all FUND MANAGERS feel this way!

QUOTE

I'm no longer with the fund that held IOC Shares.

I do still hold IOC personally, and intend to vote with Phil.

To understand what's going on, simply follow the money.

Hession gets paid if he sells the company.

He does not get paid nearly as much of the stock price rises to $100, or even to $200.

Hession is forcing a deal to go through before Phil attempts (and possibly succeeds) to push Hession out and fire him with cause, resulting in his compensation going to $0.

It's that simple.

Hession has robbed us all.

I imagine the physical security, including metal detectors, will be tight at the June 14th meeting.

​END QUOTE

[ioc.aussie]

I admire Phil for his tanacity and forking out of his own pocket ... will cost him a fortune.

Lets hope he gets full support. Major holders are extremely quiet, maybe a good thing.

[oliver.gump]

In reponse to my question as to whether his Fund that holds IOC will vote BLUE, this Manager said the following. I hope that all FUND MANAGERS feel this way!

QUOTE

I'm no longer with the fund that held IOC Shares.

I do still hold IOC personally, and intend to vote with Phil.

To understand what's going on, simply follow the money.

Hession gets paid if he sells the company.

He does not get paid nearly as much of the stock price rises to $100, or even to $200.

Hession is forcing a deal to go through before Phil attempts (and possibly succeeds) to push Hession out and fire him with cause, resulting in his compensation going to $0.

It's that simple.

Hession has robbed us all.

I imagine the physical security, including metal detectors, will be tight at the June 14th meeting.

​END QUOTE

I spoke with several fund managers today, and they all responded similar to this. two voted BLUE while I was on the phone with them. three more emailed later to say they had just voted BLUE.

Phil and his team did a great job with that presentation.

[ioc.aussie]

Phil did what was desperately neede, an alternate to Pinkies sell ,off.

One thing is certain... Phil will increase shareholder value.

[Stavros]

Some folks think that this post of mine is a "Pathetic pump by Stavros"
That's strange because what I've done is quote verbatim from an Institutional Fund Manager who holds shares personally.

AND ... it seems that Oliver's Institutional contacts have said the same thing and all are voting BLUE.

It seems to me that the BLUE Proxy has a very good chance to get more than 50% of voting shares.
It also seems to me that when IOC Shareholders are given the opportunity to vote on the Acquisition Deal, the NO VOTES will be far higher than 50%.

Offer me a fair deal, and I will gladly shift to become an OSH Shareholder.

[jft310]

We want a higher price and if possible Hession to be found accountable . Certainly the OSH BOD has seen what Hession created and should have second thoughts about him on their board .

[jft310]

In reponse to my question as to whether his Fund that holds IOC will vote BLUE, this Manager said the following. I hope that all FUND MANAGERS feel this way!

QUOTE

I'm no longer with the fund that held IOC Shares.

I do still hold IOC personally, and intend to vote with Phil.

To understand what's going on, simply follow the money.

Hession gets paid if he sells the company.

He does not get paid nearly as much of the stock price rises to $100, or even to $200.

Hession is forcing a deal to go through before Phil attempts (and possibly succeeds) to push Hession out and fire him with cause, resulting in his compensation going to $0.

It's that simple.

Hession has robbed us all.

I imagine the physical security, including metal detectors, will be tight at the June 14th meeting.

​END QUOTE

I spoke with several fund managers today, and they all responded similar to this. two voted BLUE while I was on the phone with them. three more emailed later to say they had just voted BLUE.

Phil and his team did a great job with that presentation.

Phil missed two things in his presentation . The future value of a 30 percent ownership of Papua LNG and the value of TBR .