Mesa Offshore Trust (fka MOSH)

[MikeWhite]

I dont want to be Mr. Negative. But dont start talking about "Book Value" when the only think MOSH technically has right now is a $5 Million dollar loan and alleged "worthless" properties.

I am sure they are not "worthless" and found it comical that Mr Kim offered $1 for the properties if I remember correctly. This is one of the points in the lawsuit.

We have no "book value". Even if you operate under the assumption the proposed settlement agreement is approved then your looking at $19 Million, forgiveness of our debt, and proceeded from sale of our property, and possibly less attorney fees. Today’s market cap is about $11.9 Million.

This is the third proposed settlement agreement and each agreement is slowly getting better which is probably a good sign. I dont think this will be the last agreement and this could even go to trial in September??

Dont forget to also take into consideration the time value of money.

I could release a PR Monday about my proposed settlement agreement or I can propose to settle for $1 Trillion dollars. In fact if I did formally submit this wouldn’t the trustee be required to 8K it???

Should it effect the unit price? No.
Has the last PR effected the unit price? Yes

-Mike