Byker Selling 100,000 Shares

[Movieguy]

I understand Gaylen Byker has filed that he sold/is selling 100,000  shares.  Anyone know any more about this?  Why he is doing this.  Any light anyone can shed would be appreciated.

[jft310]

People sell for lots of reasons . More important to watch the buys which hopefully the Interoil lawyers will allow insiders to pull the trigger soon.

[freddiekingman]

I understand Gaylen Byker has filed that he sold/is selling 100,000  shares.  Anyone know any more about this?  Why he is doing this.  Any light anyone can shed would be appreciated.

Some sell for a reason...others just dont buy for a reason..
:-)

[Gator]

FORM 144 FILED AT THE SECURITIES AND EXCHANGE COMMISSION ON 01/16/15
APPROXIMATE DATE OF SALE: 01/09/15

He sold for over $40

[Gator]

I understand Gaylen Byker has filed that he sold/is selling 100,000  shares.  Anyone know any more about this?  Why he is doing this.  Any light anyone can shed would be appreciated.

Some sell for a reason...others just dont buy for a reason.. :-)

The one thing I can guarantee you with InterOil is that the current chairman and the current CEO of InterOil won’t be doing ANY selling of IOC shares.

[Movieguy]

Have learned the answer from a reliable source that it was a margin call.

[Palm]

Correct Movieguy. I know some people don't think that these guys use margin, but they do. Explanation from highly reliable (and smart) source that it has been referred to being "McClendonized". When bottom falls out of pps these guys eventually have to pony up and if shorts know/sense that, they pile on even more. Part of the "game".

[jft310]

Execs have to pay back the strike price to Interoil to exercise and at some point pay taxes on the gain long or short term on dollars above the strike. Many own stocks besides Interoil possibely in a sector they understand oil and gas . Many oil and gas stocks are down more than Interoil and thus if one uses leverage ie margin it can easily cause a margin call . I know of 2 execs that did not use margin appear some of the others paid the real price of margin forced selling . The brokerage houses offer 1-2 percent interest sounds pretty safe until the stock drops forcing one to sell near the bottom and the brokerage house then buys your stock from you through that margin call and then rides the stock price back up . Quite a system for them huh .

The current execs are prohibited from buying stock by THEIR lawyers . This to will change in time .