I'm long puts so I have an axe to grind.

Go to www.sec.gov and read the expert report in the recently-filed Form 40-F about IOC's "contingent reserves" referred to in IOC's press release.

Then do a Google Web search for the expert firm and check the stock prices today of at least nine of their public company clients which are now penny stocks or defunct.

You'll have to search hard to find the report in the Form 40-F, but it's worth it, in my opinion, because this is the independent expert report cited by IOC.

Then you can form your own conclusions.