Clawing back our money from these crooks

[jft310]

Obviously we have friendly courts in Yukon .

We propose we sue Morgan and IOC for damages . For Breach of Fiduciary. What assets does Interoil have you ask . That contract from Total with its payments is a large asset .The drilling of Ant 7 has started per contract and maybe by June 2017 Total will pay Interoil its first payment . Why shouldn't shareholders get part of that money . Why can't we claw back money and shares from Hession and crew ?! No reason ! Why can't we sue Morgan for Breach on its fairness opinion ??Why can't we sue Exxon for not insuring the shareholders had enough info to make a proper decision? You know that's exactly what the courts stated not enough information given to shareholders .

Why can't we call for a vote to remove management for cause ! Why can't new management just sell E/A to Exxon or someone else and the shareholders get to keep what's left and develop it with the proceeds of these various law suits and Total payments ,

One could say these law suits could take years?? Not true just file all the law suits with the same courts who have already heard both sides arguements . Has that taken years ?  Nope !  It's taken several months .

Theres hope !

[jft310]

2126 had this to say in another thread
Another thought on this issue:

As the Appeals Court ruling today overturns the lower court ruling that approved the Exxon/IOC deal, which leaves the Arrangement as being held to be not "fair and reasonable."

We do not know this for certain, but If this ruling is sufficient to undo the IOC BOD unanimous decision to accept the Exxon deal [because the MS fairness opinion was wholly inadequate and the BOD ostensibly relied on that fairness opinion to base their BOD vote on], then the silver lining of this court decision may be that Hession will lose his double bonus of at least $20 million.

This would be because he only could earn the bonus of a double payment if the deal was 'approved by the BOD' prior to his 3-year anniversery with IOC [July 2016]. Since this ruling may well overturn the BOD approval of the Exxon Arrangement, Hession can not now ever earn his double payment bonus for a 'change of control' of IOC. What would be even better would be if the BOD removes Hession from his position, and he receives nothing whatsoever from any of this fiasco. After which it may be the best choice for the BOD to resign en masse and have a special meeting to elect a new BOD who will actually have the interests of the shareholders as a priority.

Karma often works out . . .