You raise an interesting point that I hadn't considered.
Having a preferred bidder does create a situation that is more vulnerable to manipulation.
I am not in favor of the preferred bidder provision. I just don't see it as the complete evil that many seem to.
A far as that goes, my hope is that we never have to worry about that provision in the first place, that the settlement as proposed gets thrown out, we retain the properties, and the trust lives on.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.