FDI challenges three month, 132% increase in InterOil Corp's (NYSE:IOC) stock price by demonstrating sleight of hand in recent press releases...
-- Has InterOil any discovered resources? Not even close.
-- Has InterOil seen an earnings increase that justifies their 3 month, 132% stock price increase in the midst of a world-wide recession? Not even close.
-- Have analysts been objective in their ‘hype' of InterOil? Not even close.
-- Is Wall Street still willing to believe the hype of this oil and gas exploration company? Close enough.
-- Has InterOil used the technique of diversion and slight of hand to fool Wall Street? Close enough.
-- Does InterOil have any confirmed resources? Not close enough.
-- Does InterOil refine any of their own gas or oil? Not even in the ballpark.
-- Is this company nothing more than hype? Dead on.
InterOil Corp's (NYSE:IOC) investors duped into believing company has discovered and certified resources in Papua New Guinea.
Click Here for the Press Release.
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