There’s some funny business going on in InterOil and a lot of it is pure juvenile humor. First of all, you have Louis from Even Stevens pumping their crap stock. Then you have him in Playboy saying he’s less than well-endowed.
It’s as if the jokes write themselves but then you realize that investors are actually counting on the soundness of markets and suddenly it’s not so funny. Never mind, it’s funny.
The first problem with InterOil isn’t really that the guy from Transformers is clumsily pushing it now that he’s worked beside the real Gordon Gekko – sure Wall Street is cool again but not cool enough to rub off on Shia LaBeouf who has apparently taken to pumping stocks lately.
Yeah, we know, we’re confused too.
Getting ready to play next to Michael Douglas for Oliver Stone’s “Wall Street” sequel “Money Never Sleeps”, LaBeouf studied under the financial ninjas at John Thomas Financial (yes, JDA already made that joke. A bunch of times) and apparently turned $20,000 into $489,000 says Business Insider.
And yes, he really did tell GQ readers to grow some balls and short gold at 120 (whatever that means). 120 what? Euros?
“He’s So Money” says GQ in the April 2010 issue. Give me a break. From the mouths of garbage-stock-pumping babes:
"I thought my life was pretty wild. I'm Richie Rich. I land in New York, secretly thinking I'm like the coolest guy in the world. I've been on the cover of GQ! But then I met these guys, and it's humbling. It's the most sex-drugs-and-rock-'n'-roll atmosphere that exists on the planet. I was hanging out with some wild human beings."
So we’ve established Shia is a douche but what about InterOil’s “fundamentals”? I’m so glad you asked!
How about this “bad faith” bankruptcy filing by InterOil’s esteemed CEO Phil Mulacek?
InterOil also recently announced a that part of the Antelope-2 well will need to be re-drilled, greasing it up further for 14-year-old humor for months to come. For 7 years InterOil has promised awesome discoveries and for 7 years it has failed to deliver. Since we no longer have logical fundamentals (InterOil outperformed well through 2009), the best we can do is juvenile humor, I guess.
Grow some balls and short InterOil or just sit there and wait for it to implode, up to you.* Shia needs to hurry up and jump on the tax problems bandwagon like many of his fellow “stars” so we don’t have to listen to this anymore. Wonder how much his toilet seat collection would snag at IRS auction?
Earlier: QOTD: Sam Antar is Ready to Rumble*Disclaimer: nothing here should be taken as investment advice and I don’t take back what I said about Shia’s John Thomas nor his Financials.