Mesa Offshore Trust (fka MOSH)

[volenspros]

Mike - Now you're at the very core argument we've been screaming about all these years. Someone is always playing a game of "hide the salami". we just never know which hole jpm / pxd will aiming for from month to month.

Do the math. $200k per MONTH = $2.4 mil per year which is well over the termination threshold. And besides that, has anyone actally read the original trust indenture that puts a cap on the amount of money the trustee can bill us for month to month "services rendered". now they're sucking cash to pay their legal bills. That's just too funny since jpm only had a net income of $7.7 billion dollars thru the 2nd qtr of this year. like they can't afford to pony up some bucks for attys. Not to worry, I think we'll be getting that money back in multiples. We argue: OK, take your million in legal fees. here's an invoice for $250 mil (or pick a bigger number if it makes you happy) for damages caused by your stupidity and rubber stamping negligence.

it's conversations like the one you had that is going to allow Judge Downey to superload his cannon and fire at will. I mean, it doesn't sound like MU even flinched when he flung himself out the window. If the conversation went down as you say it did, the dude just committed legal suicide and severely implicated jpm to boot. Game, set, and match. I love it.

Mike - do me a favor and forward your recollection / quotes of this conversation w/date and time to John Kim. I'm sure he'd find it quite useful.