CBA Florida Inc. (fka CBAI)

[worthylion]

I'm not in any way affiliated with Red Oak or know anybody there. All I know is based on online filings etc so take it FWIW. I was surprised that the initial expected distribution is so low especially given the escrow. But remember that the escrow is for the benefit of the buyer and can't be tapped for any company liabilities. Nothing has changed except that the timing of distributions will be slower than we expected. While anything is possible, I'm not realistically worried that Red Oak is going to inappropriately divert sales proceeds. I'm only a little worried there may be some liabilities we haven't considered beyond transaction fees and taxes.
I think shareholders ultimately will still get proceeds in the .0085--.01 range, it will just be more back ended. I think Red Oak is just being super conservative in case of unexpected liabilities. Also, it could be they're timing distributions over time to spread out the positive impact on their hedge fund returns.