Goodbye Mr. Chandler

[Gator]

InterOil Corporation

IOC / NYSE

Base Offer Size: 4,800,000 shares (100% Secondary)

Re-offer Price: $42.00

Seller: Chandler Corporation

[Palm]

Guess you could say this now reflects his feelings on IOC. So much for Mr. Lynn's "feelings" on why he's dumping shares.

[johnwgrant]

InterOil Corporation

IOC / NYSE

Base Offer Size: 4,800,000 shares (100% Secondary)

Re-offer Price: $42.00

Seller: Chandler Corporation

Gator,

Where are you finding this info?    I assume that this is an additional block sale - over and above the block sale at $45 last week.

Very strange selling strategy by Mr. Chandler ....    Thanks in advance for your comments !

[jft310]

Limit of 5,000 shares per account . Reminds me of Soros or Dear Stanley D . Departure.

[johnwgrant]

Limit of 5,000 shares per account . Reminds me of Soros or Dear Stanley D . Departure.

JFT,

I am not following you.  What/who has a limit of 5,000 shares per account?

TIA

[MRP]

Anyone see who the banks were on this secondary?

[jft310]

Morgan offering , retail brokers are limited to 5,000 new shares per account .

[Putncalls]

Is Chandler going to dump another 5 million shares!?

[jft310]

Puts yes at $42 tomorrow

[sfiaes]

Good riddance.

The last ten points are all Chandler. They brought it down first to $45 then to $42 to accommodate the buyers.

Back to mid 50's soon. Any good news on Wahoo and we are at $65.