Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OK Was looking around and dont know if this pertains to anything or not. But according to the following document PXD put up an eligible trustee, now is this for PXD or are they throwing it out as someone they might want Mesa to be run by?
Whole S-3
http://www.sec.gov/Archives/edgar/data/846920/000095013408000531/d52828sv3asr.htm
Form T-1 Statement of Eligibility of Trustee
http://www.sec.gov/Archives/edgar/data/846920/000095013408000531/d52828exv25w1.htm
oh yeah, dated 14 JAN 08
Nice UT, hitting the 22's now
Is this one ever going to do anything?
I bet they will bring in the new trustee, they went thru the courts so far to make sure that all of their "a$$es" were covered. This would make it impossible for PXD to dispute the new trustee now would'nt it, since the court said that it was an internal matter and not a court matter.
So now MOSH can appoint a new trustee and PXD cannot say they were blindsided by this action, then MOSH can move foreward with the suit.
well with 1/3 of the float traded today around these prices the next move up should be a good one, atleast .07
so did that cost you over 300 bucks to view that file?
Well im in now, looking at just the last few days it seems like it has been getting hit after lunch anyways. That of course is during the week and not on a Friday when people will be taking profits for the weekend.
you might get your chance, it's headin that way but it could just be a quick shake
looking at getting in but will wait for .037 to do it
BDRR is having a good run
L2 anyone TIA
What is the deal with this company? Just a momo play? Saw Shakerzz was talking about it, whats the scoop?
So whats the deal with this company? A possible short squeeze or what?
CYOS, talk of a golden cross??
what do you think that MOSH is going to do now? What would be a good entry point from here or do you think its a dead cat bounce?
no kidding, we were sitting at these levels just a week ago, alot of panic selling done today, even though there has not been any change.
Where is the proof that anything happened in court? IS this all off of one person's word? I know the board likes him and all but, putting all of your trust in one person with no proof is kinda stupid. Im holding
EDIT I just tried pulling up the case info online and it is not working, keeps giving me an error. Maybe they are updating it as we speak
EDIT
Now it is saying the hearing was held
not much to that report
Heres an update, its all gone. Suckered by a hustler
LVL 2 on PXD is showing bid at 36.00, down close to 4 dollars off of yesterdays close, but market opens in 2 mins, will have to see if its going that way
almost an hour and no trade, everyone is just waiting to pounce on this
600 shares at .354, what a whack
When I called and spoke to the clerk I said I was following a court case, gave her the court case number and asked if there was any information on it. She told me that it was scheduled at 0900 today, and that nothing had been put into the system as of yet. That was only 25 mins ago.
http://apps.jims.hctx.net/courts/CaseInquiry.do
This will probably close after hours today, 0900-1200 Court 1200-1300 lunch, 1300-1600 or 1700 court then done for the day. This is only 5 hours in court, 5 hours for 1.2 billion, PXD will probably fight this new trustee tooth and nail, I dont think if will be done today.
EDIT
Found It
The courts exercise their power to issue injunctions judiciously, and only when necessity exists. An injunction is usually issued only in cases where irreparable injury to the rights of an individual would otherwise result. It must be readily apparent to the court that some act has been performed or is threatened that will produce irreparable injury to the party seeking the injunction. An injury is considered irreparable when it cannot be adequately compensated by an award of damages. The pecuniary damage that would be incurred from the threatened action need not, however, be great. If a loss can be calculated in terms of money, there is no irreparable injury. The consequent refusal by a court to grant an injunction is, therefore, proper. Loss of profits alone is insufficient to establish irreparable injury. The potential destruction of property is, however, sufficient.
Preliminary or temporary injunctions are not conclusive as to the rights of the parties, and they do not determine the merits of a case or decide issues in controversy. They seek to prevent threatened wrong, further injury, and irreparable harm or injustice until such time as the rights of the parties can be ultimately settled. Preliminary injunctive relief ensures the ability of the court to render a meaningful decision and serves to prevent a change of circumstances that would hamper or block the granting of proper relief following a trial on the merits of the case.
So if one came up then it is used to protect MOSH then. Correct?
This term was used in one of the PR's
anyone know what a temporary injunction is?
thanks
Does anyone know the case # off hand? TIA
Good Morning all, heres to a good day with good news
yep, up over 100% now
Hey you guys helped me out with some chart questions earlier and just wanted to say thanks again. I asked about MOSH and you told me when to buy, even though I didnt get in as cheap as i wanted im still green as heck now. Thanks again guys, good board, keep it up.
look at these 100 trades, Shake Shake Shake, you cant have any of my shares
then looking at the reserves that the company stated back in 06, on page 23/24 the wells were to last for 8 years and 5 years, respectively.
http://www.secinfo.com/d11MXs.us4b.htm
good post, if anyone reads the 10Q they can see the whole case put out in the Legal Proceedings section. I put the first paragraph below. (to large for all of it)
http://www.secinfo.com/d11MXs.u1T1u.htm
Legal Proceedings
On April 11, 2005, MOSH Holding, L.P. (“MHLP”) filed an Original Petition in the District Court of Travis County, Texas, 250th Judicial District, against Pioneer Natural Resources Company; Pioneer Natural Resources USA, Inc. (referred to below in this Note collectively with Pioneer Natural Resources Company, as “Pioneer”); Woodside Energy (USA), Inc. (“Woodside”); and JPMorgan, as Trustee of the Mesa Offshore Trust (Case No. GN501113) (the “Lawsuit”). The Lawsuit is currently before the 334th Judicial District of Harris Country, Texas (the “Court”). MHLP’s Original Petition alleges Pioneer and Woodside are liable for various actions, including (1) a wrongful farmout by Pioneer to Woodside of the Brazos A-39 Lease, (2) a wrongful delay by Pioneer in producing the Brazos A-39 Lease and the Midway #5 well drill thereon, (3) fraudulent accounting practices by Pioneer, (4) breach of fiduciary duty by Pioneer, (5) aiding and abetting breach of fiduciary duty by Woodside, (6) misapplication of Trust property by Pioneer, (7) conspiracy to misapply fiduciary property by Woodside and Pioneer, (8) common law fraud by Pioneer, (9) gross negligence by Pioneer, and (10) breach of the conveyance agreement by Pioneer. As described below, MHLP later added claims against the Trustee for (1) an accounting, and (2) breach of fiduciary duty. The remedies MHLP seeks include (a) reconstruing the Trust Indenture to determine that the Trust is not terminated because there has or should have been production that would have generated revenues to extend the life of the Trust, (b) requiring the Trustee to pursue certain claims, or to allow MHLP to pursue such claims, (c) setting aside any farmouts by Pioneer in which there have been conveyances to an alleged affiliate of Pioneer, (d) the removal of JPMorgan as Trustee, (e) the return or forfeiture of compensation to JPMorgan, (f) monetary damages against Pioneer, Woodside and JPMorgan, and (g) unspecified exemplary damages against all defendants.
Was reading on another board and they brought up the possibility that PDX might settle before the 31st because of tax reasons. How would this work, and what would they benifit by doing this before the 1st? This is all speculation b ut just wondering if this is even profitable for them to do?
ok, got over 4000 shares now, holding for the long run, see you after the announcement longs, hopefully everyone else has enough sense to wait this out and not just try and make a quick flip. GL All
I suck at analyzing charts, but was wondering if anyone would like to help. MOSH, what do you guys think its going to do? Thanks for your help. Looking to get in again, and want to think about finding the bottom
Hey stock, wasa wondering if you have looked at MOSH, if so what are your thoughts on it? TIA
So your saying if you had bought in at lets say .08 and still have a month until the trial, you would not sell at .30 then try and buy back in a little lower? Then you have no idea how trading works