Mesa Offshore Trust (fka MOSH)

[Steady_T]

Interesting that you should mention Exxon Valdez case and not mention the Texaco case also. The Texaco case is much more similar in nature and was resolved in Texas courts over a fairly short time frame.

As I recall the verdict and awards stuck. Texas juries are not sympathetic to companies that commit fraud and try to steal assets. The issues in this case are pretty clearly defined.

I am quite glad for the rulings. I don't for a minute believe that those motions are all that the high priced defense has up it's sleave. I'm more inclined to say that round one went to MOSH by two points. There is still a long way to go before the final bell. Still, if the price settles back down a bit I'll raise some more cash and buy some more units. If it doesn't, I'll keep what I have and smile a lot.

Good luck and good offence to us all.

TC