Chandler sold Interoil at $62 . David Wu used to work with Chandler . One requirement Chandler had before investing was for Interoil to hire David Wu. In his new position at Interoil Wu had a view into the company that most shareholders did not have . It's reported he passed info on to Chandler about how Hession and the BOD were wrecking Interoil . Chandler heard things others did not know or he had inside information. Some say their is an email trail to prove Wu and Chandler conversations . If true that's insider trading and a violation of SEC and Canadian securities law . The plot thickens .
In the last 2 months the IOC BOD has taken an equivalent of 4 years of cash and stock awards for themselves . Does that sound like a Breach of your Fidiciary Respondsibility ??!
