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Well, i can understand that respol will take their tax losses this year, but i will be shocked if they dont come back to the well within the three years to claim their bounty. they have time on their side. The oil will just sit for the time being.
it was made clear in the statement that the well was TEMPORARILY abandoned. It was drilled with mechanisms in place to allow the well to be drilled further.
At this point they are looking at the 3d images to determine what should be done. There has been a lot of investment money by many people. It wont be completely bagged yet.
what is P and A?
i agree with ridebikes. It was made clear that the well was set up to be drilled at a deeper level. Now, who will own the oil at the deeper level remains to be seen. Dune could be sold, or find a way to drill deeper themselves. Yes, these things will take time, but i dont see throwing in the towel completely.
it seems that if all was going as planned, the volume and price would be higher? No???
so what does this mean?
Why the heck is the volume so high???
perhaps since Mosh lmd wanted to be a prefered bidder on the property, they could acquire the property while the trust still owns the property. I think that this may be Dagger/spine that wants to drill the property. If we can still get our share and have it drilled by someone other that pioneer this might work out to everyones benefit
It would simply be a different settlement proposal
its up 30% cause of short squeeze
I remind myself that the time to buy, according to Warren Buffett, is when everyone else is afraid.
I have the fear, and I have bought.
I hope that it works out. I think it is a product that is wanted by many communities. Hopefully it will sell and we will make a lot of money.
I agree with you psu. I think that this is the worst case scenario
i think we should guess on how the judge will rile:
my guess:
Settlement will be approved conditional that preferred bidder claus is removed and no reimbusement of plantiffs lawyer fees.
the preferred bidder HAS to be associated with the plantiffs. Otherwise there would be absolutely no reason to settle just days before trial.
Why would anyone settle for nothing as opposed to going to a trial and possibly winning millions?
The judge has surprised many of us before and I think she might do it again.
Maybe she will accept the preferred bidder only have a reasonable minimum bid?
The bottom line is that she will rule in the unitholders favor.
Can someone print this up and send it to court? This is ridiculous.
i also have not seen the notice until now
i dont have to wonder at all...its obvious.
It's hard to trust anyone anymore, but I still trust the judge.
I think that the judge initially did not appoint a trustee because there would then a risk that the entire case would be appealed into another court.
I think that the sale of properties by jpm was allowed because she could see that the trust could win back all damages at court. This could still be true if the case goes to trial.
I dont believe that the settlement will be given a blanket ok. Perhaps there will be provisions that the judge would accept, but i dont think that all the parties will accept them.
I think this will have to go to trial. Plantiffs have standing to take this to trial and I think they will if they have to.
At trial, i think that the plantiffs will try to win the case, because they are vested in this situation. they will probably only be unhappy because they have to share the winnings with unitholder.
dont even begin to doubt yourself. The big wig liars are masters at prying into any doubt and making it a huge chasm.
They are also masters at believing and proving their own lies.
Play the game and win in the name of justice.
I cant thank you enough Instruct. I think most of us would just put our tails between our legs and leave. it is great having a smart fearless person on our side. Thank you. Thank you.
My concern is that the preferred bidder clause will be eliminated, but the sale of the property will still covertly go to someone on the inside. That there is under the table dealings that will still take place and that the unit holder cannot be protected once the sale of the property is allowed in any manner or form
i am surprised how many people have thrown in the towel. ..prematurely in my opinion.
Probably the judge will ask for alteration to the settlement proposal. If so, it would certainly be in our favor. If not we go to trial in September. At this point, I think that it will have to go to trial because there are too many parties involved and too many in conflict to get an acceptable agreement.
Once in trial, I believe that the plantiffs will put up a good battle because they know that the property is of great value and it will then be the only way that they can get hold of it.
COOL!!!
go for it buddy!
i have done so also. jump on the bandwagon...
Mountaineer,
I think that it would not hurt to point out your scenario to the court. Send in or fax your message.
I agree mountaineer. It simply takes one person to take charge and direct all us subordinates in the right direction.
I think that the settlement proposal as it stands wont fly with the judge. If the properties are still to be sold at auction, I think we should bid!
Thanks Tryoty!!
will someone please write a generic letter? I do not feel that I have the ability to write a decent letter.
Thank you in advance.
It would help some of us non-writers if there was a generic cut and paste letter that we could copy and sign.
also, perhaps there is a computer geek that could collect email "signatures" from unitholders to present to the court.
Instruct, Can you tell us what you specifically are going to ask for with sanctions?
If this doesnt clearly benefit unit holders, I do not see how the judge can approve it. It is up to her to uphold justice. I think that she would insist upon a trial.
i dont get it either. Why not risk trial instead of accepting this lame settlement?? Maybe Buzzbee didnt feel that there would be money in it for him to go to trial. I really dont understand the giving- it- all- up mentality of the plantiffs
Is this in addition to todays or not?
Warren Buffett said something like:
"When people are bleeding in the streets and are fearful...that is the time to be greedy and buy"
Right now, people are afraid of the trial, and share of Mosh are dirt cheap. Time to buy!
I am thinking this will go to trial-really soon!
I am still in a quandary as to why the defense would pass on their motion to dismiss expert witnesses.
any thoughts on this?
Thank you daylas.
I am wondering if the 500k number that the plantiffs put out fairly recently represents the maximum that Pioneer would owe in damages. Also, that the 1.2 billion is the amount owed in combination from the three defendents.
Or were the plantiffs backing off on the 1.2 bill and making it .5 bill?
Merry Easter
Nobody on either end knows for sure how this will play out. It is a risk. The plantiffs are large unit holders that have been paying the lawyers because they believe that MOSH was treated wrongly. If the outcome is that MOSH loses in trial we will all lose. I do not think that the MOSH trust would reimburse the plantiffs.
IF MOSH wins, I would think that there would be some compensation for the plantiffs lawyers fees.
Who knows for sure how this will play out? NO ONE!!
Good Luck. I know I am ready for conclusion to all of this. I have owned MOSH for years.