News: KPL UPDATE 1-InterOil asks shareholders to reject founder's board nominees, page-22

founder and ex CEO Mulacek addresses shareholders overnight. As far as we know Mulacek owns just over 5% of interoil.

As mentioned in the article if sale goes through interoil shareholder including himself are short changing themselves 1 billion dollars from the proposed sale agreed prior to total.

There are many unhappy instos and share holders of interoil. At $40 the take over is really low.

Interesting to see how the votes travel.

What a coincidence that the board organised this oil search bid just prior to the meeting scheduled mid June where many shareholders wanting change to the board which is not performing.

The link to article that just came on net is below



http://www.advfn.com/news_Concerned-InterOil-Shareholders-express-their-disa_71555103.html


Lou