email to scott h., page-3

Sorry to spoil the party but I dont think it has anything to do with manipulation. The SP manipulation theory is generally from those who are taking a hit and want to find reasons why they are losing and hopefully the company will announce things to force the price up so they can get out square.

The sharemarket for the companies is a place to raise capital. The fact that traders, and instos make money from the day to day fluctuations is neither here no there.

Karoon would like its price higher for no other reason than when it comes time to raise more capital it does not have to issue so many shares, especially at a discount. In addition to that, it would like shareholders to be confident inthe current and future share price so that when they need to raise more capital those willing to take them up will do so.

Karoon is not forcing the price down. Conoco Phillips dont care either way whether Kar stockholders lose money as in the same way Kar shareholders dont care if COP shareholders lose money.

The price of Kar is there becasue it deserves to be there. The market says it deserves it. When they release something more substantial then it might deserve more.

If you think its undervalued, hey, by more. If you are right and others are wrong you willmake money, if not, u will lose money. Unless the stock manipulation theorists can come up with concrete evidence to the contrary then its all hot air.