IOC will cease to exist - Let's get a proper deal

[Stavros]

To my opinion, too much milk was spilled under the bridge for IOC to continue as a viable company when your two partners have cut off IOC shareholder's gonads.

I won't even speculate what they've done to our female compatriots.

We now need to wait and see how Phil Mulacek reacts, and then decide on how we go forward.

I believe we must push for a sweetened deal either from OSH  - - - or from XOM who basically is in the same position as OSH in terms of giving us the chance to have equity in both LNG Plants

I believe we should be getting:

+ 25% of the merged OSH/IOC company if all IOC shares are exchanged for OSH shares. This first offer is 14% of the merged company if all IOC shares are exchanged for OSH shares; it will be 21% if $700 million is paid out in cash.

+ A higher CVR payment at E/A Certification - We should get US$ 1.0 per mcfe << NOT US$ 0.77 >> above 6.2 tcfe in E/A with a floor of US$ 30.00 per CVR

+ A CA$H payment of US$ 10 per IOC share at closing

The deal should net IOC Shareholders US$ 85 per share, bringing IOC's value up to where it was when The Man in the Pink Shirt rode into Singapore

AND ... Don't forget, the CVR payment will be a Short Term Capital Gain that engenders paying taxes to Donald Trump.

AND ... If you keep IOC until the deal closes, you will be the proud owner of OSH Shares denominated in Aussie $tinko's ... they will depreciate quite a bit from current level

[ArtM72]

I think among the worst aspects of this deal is the selldown to Total of 60% of IOC at the same miserable price! Not only do we lose our direct equity but 60% of the remaining equity simply disappears into Total's coffers! That is the worst damn deal I;ve ever heard of...and IOC's Board of Directors has somehow already approved it!

[Tusker]

Given the age of US social media, we could, given the participation, a petition presented to the President of the United States.

49% small shareholders...That would be fun !!

Think of the media we could create. Foreigners attempt to steal US Shareholders assets of energy.

:-)

[jft310]

The CEO and BOD can be replaced .

[Putncalls]

YEP. We might as will talk about OSH shares for a while. Maybe the exact definition of a Tcfe? The good news is that OSH shares are also priced near a low in this commodity cycle. There is a reason why they call them shares common.

[Stavros]

The deal struck to give TOTAL 60% of the assets is supposedly in our interest because we will be OSH Shareholders.

The problem is that we get only 14% of the shares in the company. We should be getting 25%.

And we don't get even close to the full Certification Payment from TOTAL under the umbrella of the CVR.
If E/A is certified at 10 tcfe, a total of US$ 1.17 Billion is distributed to shareholders
NOT ENOUGH I SUBMIT TO ALL YOU GOOD READERS

Fortunately for Hession and Finlayson, gun ownership in Singapore is illegal

[ebster123]

[quote='Stavros' pid='69654' dateline='1463721397']

To my opinion, too much milk was spilled under the bridge for IOC to continue as a viable company when your two partners have cut off IOC shareholder's gonads.

I won't even speculate what they've done to our female compatriots.

We now need to wait and see how Phil Mulacek reacts, and then decide on how we go forward.

I believe we must push for a sweetened deal either from OSH  - - - or from XOM who basically is in the same position as OSH in terms of giving us the chance to have equity in both LNG Plants

I believe we should be getting:

+ 25% of the merged OSH/IOC company if all IOC shares are exchanged for OSH shares. This first offer is 14% of the merged company if all IOC shares are exchanged for OSH shares; it will be 21% if $700 million is paid out in cash.

+ A higher CVR payment at E/A Certification - We should get US$ 1.0 per mcfe << NOT US$ 0.77 >> above 6.2 tcfe in E/A with a floor of US$ 30.00 per CVR

+ A CA$H payment of US$ 10 per IOC share at closing

The deal should net IOC Shareholders US$ 85 per share, bringing IOC's value up to where it was when The Man in the Pink Shirt rode into Singapore

AND ... Don't forget, the CVR payment will be a Short Term Capital Gain that engenders paying taxes to Donald Trump.

AND ... If you keep IOC until the deal closes, you will be the proud owner of OSH Shares denominated in Aussie $tinko's ... they will depreciate quite a bit from current level

One can only hope PM sues the pants off MH and the BOD!!  We do not deserve and should not expect an amount equal to the PPS when that labial shirt wearing piece of excrement took over.  The company and assets are worth much more than that.  I hope these vinegar and water bags fry in hell!!

[kommonsents]

[quote='Stavros' pid='69654' dateline='1463721397']

To my opinion, too much milk was spilled under the bridge for IOC to continue as a viable company when your two partners have cut off IOC shareholder's gonads.

I won't even speculate what they've done to our female compatriots.

We now need to wait and see how Phil Mulacek reacts, and then decide on how we go forward.

I believe we must push for a sweetened deal either from OSH  - - - or from XOM who basically is in the same position as OSH in terms of giving us the chance to have equity in both LNG Plants

I believe we should be getting:

+ 25% of the merged OSH/IOC company if all IOC shares are exchanged for OSH shares. This first offer is 14% of the merged company if all IOC shares are exchanged for OSH shares; it will be 21% if $700 million is paid out in cash.

+ A higher CVR payment at E/A Certification - We should get US$ 1.0 per mcfe << NOT US$ 0.77 >> above 6.2 tcfe in E/A with a floor of US$ 30.00 per CVR

+ A CA$H payment of US$ 10 per IOC share at closing

The deal should net IOC Shareholders US$ 85 per share, bringing IOC's value up to where it was when The Man in the Pink Shirt rode into Singapore

AND ... Don't forget, the CVR payment will be a Short Term Capital Gain that engenders paying taxes to Donald Trump.

AND ... If you keep IOC until the deal closes, you will be the proud owner of OSH Shares denominated in Aussie $tinko's ... they will depreciate quite a bit from current level

One can only hope PM sues the pants off MH and the BOD!!  We do not deserve and should not expect an amount equal to the PPS when that labial shirt wearing piece of excrement took over.  The company and assets are worth much more than that.  I hope these vinegar and water bags fry in hell!!

Perhaps we should require in addition to the other suggestions, the option to take the CVR in cash or shares at current/approved date price.