InterOil Resists an Orchestrated PR Attack [View article]
Michael Goode posts on the yahoo boards as "Boston" Reader be aware.
On May 18 07:45 AM Michael Goode wrote:
> 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.
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InterOil Resists an Orchestrated PR Attack [View article]
On May 18 07:45 AM Michael Goode wrote:
> 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.