Michael Goode

InterOil Resists an Orchestrated PR Attack

First, who cares about message boards? Second, this has nothing to do with naked shorting. IOC is easily borrowable for legitimate short selling at my brokers. Third, Barry Minkow has a great record as a fraud-buster and his FDI has uncovered millions of dollars worth of frauds (much of it not at public companies, so his motivation is not simply to make money by short selling companies he investigates). As to the actual report, yes it has nothing to do with whether IOC is a fraud or not and yes it was a bit overhyped.

Of course, the intelligent skeptic still has every reason to suspect that IOC is a fraud or at least prone to hype and incompetence. Despite being 'just around the corner' from major oil finds for over a year, they still have zero proved reserves of oil.

Disclosure: I have no position in IOC.