This is an odd one and there are enough undercurrents to get my antennae twitching.
We last visited IOC in December's "Media relations emails of the day, Interoil edition" (IOC)":
From RTT News:
From Felix Salmon at Reuters:
On Monday, Barry Minkow put out a press release accusing a NYSE-listed company, InterOil, of being “nothing more than hype”. InterOil has had a large short interest for some time, and it seems that Minkow touched a nerve, because InterOil’s senior manager for media relations, Susuve Laumaea, went borderline insane via email in response:
you are a gutless coward of the highest order, a jealous and envious SOB… You are a loser, a non-achiever and a sour-grape. Piss off you good for nothing… Do not be afraid on account of me being a descendant of cannibals … no, no, believe me, I will not cannibalise you or feed you to the swamp crocodiles…
you are known crook, conman, convicted felon, a psychopath and a pathological liar who is jealously envious… You have no sense of common decency. You are neither here nor there among the cream of decent God- fearing humanity. You are a scum of the earth, a creepy-crawlie who should have been locked away and the key thrown away too so that you rot away like the dung heap you are. You are a coward of the highest order… I can’t use you as crocodile feed because you are too poisonous … those alligators will die eating you, cooked or uncooked…Who gave you the authority to investigate InterOil, you piece of shitty non-entity? You are nothing more than an internet pirate, a low-life manipulator who is out to profit by your dishonest, fraudulent, slanderous and cowardly methods. Up yours...
Interoil Corp. (IOC: News ) reported fiscal 2009 net income of US$6.08 million or US$0.15 per share, compared to a loss of US$11.8 million or US$0.35 per share last year.From StreetInsider (Feb 12):
Analysts polled by Thompson Reuters expected the company to report earnings of US$0.77 per share for the year. Analysts' estimates typically exclude special items.
Interoil (IOC) Shares Rising as Goldman Shows 7.2% Stake in 13G
Shares of Interoil (NYSE: IOC) are moving in today's after-hours session as Goldman Sachs has filed a Form 13G related to the company. Goldman is now showing a 7.2% stake (3,249,932 shares) in the company, up from 0.33% as of 9/30/09.
After closing at $66.60 today, Interoil is now trading up about a percent and a half to $67.50.