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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (39472)	9/28/2010 6:03:31 PM
From: Mattyice	Respond to of 78750

The catalyst is the probability of massive fraud of there even being proven or probable reserves, and the second catalyst is the severe dilution of equity as this company has to raise capital on obscene terms as the company continues to burn through cash at an astonishing rate.

To: Dale Baker who wrote (39472)	9/29/2010 2:57:10 AM
From: Spekulatius	3 Recommendations Respond to of 78750

>>Tell me, what event would suddenly expose this as a scam, what's the catalyst?<< Their partners looking behind the promotional facade and quietly pulling out. The BNP piece did not contain any original information but rehashes what IOC states. Besides that IOC is not within 20% of the NPV, not a large discount by any means for a risky play like IOC. I don't know if they found gas in PNG or not. Even shady operators or those without operation track records could find gas if they are lucky. It just seems to me that chances are that shady operators might facilitate a complete fraud is high and betting on that might make an out of the money put play very profitable. Anyways, i have a bid out for a few puts tomorrow so hopefully that turkey will go up before it goes thanksgiving <g>.