Another one bites the dust.

[Gator]

Another long time large holders is cutting their position in InterOil.

Wells Fargo filed a 13G as their stake in IOC is below 5%.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.[X ].

[Libtardius Maximus]

So they voted white and started selling.

[Putncalls]

Selling is a bad indicator for the CVRs.

[AU74]

Selling is a bad indicator for the CVRs.

Every share sold was also bought by someone.

[Putncalls]

If WF sold a lot before the CVRs there would be more to it than that.

[AU74]

I think they just banked some of the recent gain. I've been consider selling half my holds to hedge my bets and bank some gains too.

[Putncalls]

Holding through the worst oil bust then selling doesn't compute and it's not logical.

[AU74]

Do we know that they didn't add to their positions when the stock was in the 20s? That's what I did and I'm well into the black. Regardless, they could see it as an opportunity to show gains this quarter/year.

[Putncalls]

Good point AU. It was a long term for hold for them and now it's probably not.

[trans]

Another long time large holders is cutting their position in InterOil.

Wells Fargo filed a 13G as their stake in IOC is below 5%.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.[X ].

They went right below the 5% filing rule.    Now they don't have to file anymore or divulge any selliing in the future. That's why they did it..