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InterOil, so that was the sell-off..

May 28th, 2009 · 1 Comment

Triggered by a closing hedge-fund..

Pequot Cap, Art Sambergs company closed yesterday over insider trading claims. Pequot Cap was a 2005 Drilling Partner with IOC, and although we don’t know with 100% security they were a debenture holder (which is likely), they were also a share holder, latest filing indicated 120,000 shares.

So that’s what was happening, and it already seems over.

Tags: IOC

1 response so far ↓

  • 1 Jim Tate // May 28, 2009 at 5:22 pm