Registered: Mar 2002
Posts: 3138

Unlike some of the Chinese frauds of recent weeks where the stocks have been "found out" quickly, IOC has been a controversial stock for years.

I'm just bumping this thread because I see that it is gapping lower in the premarket today. It could be the start of a big move lower, or, could just be a small move down based on brokerage downgrades of the stock.

There are plenty of links earlier in this thread from various authors who believe that the company is a fraud.

I have no position because this saga has been going on for years and even though it could be a fraud I'm not (yet) convinced that it is.

Registered: Mar 2002
Posts: 3138

Still no position in IOC, but I think it's interesting stock.

Possible catalyst in early November regarding a deadline for finding a partner for PNG operations:

http://seekingalpha.com/article/641...l-gas-arbitrage

Registered: Sep 2012
Posts: 54

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Quote from mnx:

any thoughts on IOC here?

I sold some 35$ calls when the stock was under 31$ and got out of them this morning @ 35$.

I'm still bearish on the stock, but the way it's moving today is making me have doubts...

- mnx

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Registered: Mar 2002
Posts: 3138

Some more reading can be found at BI:

http://www.businessinsider.com/category/interoil

http://www.businessinsider.com/inte...vs-bears-2010-4

http://www.businessinsider.com/inte...tigation-2010-4

http://www.businessinsider.com/as-i...ir-faces-2011-9

Registered: Mar 2002
Posts: 3138

Something is happening with IOC today, the best idea I can think of is some kind of (very) delayed reaction to the $100 million loan facility news from this morning.

More likely there is some kind of negative rumour / article about company that I have not yet seen.

Registered: Mar 2002
Posts: 3138

"InterOil Corporation Announces the Retirement of CEO Phil Mulacek"

http://finance.yahoo.com/news/inter...-100000790.html

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