Mesa Offshore Trust (fka MOSH)

[Bourbon_on_my_cornflakes]

Propose that the Court retain an investment bank specializing in oil properties to market and sell the property. The defendants, not the trust, would pay the IB's retainer. The success fee would be based on and paid from the proceeds of the sale. The Court would give the investment bank one year from date of appointment to find an interested buyer and another 12 months to close the deal. During that period, The stooges would not be able to charge the trust for ANYTHING.

Why this is good: This structure would turn over the sale of the properties to a professional I-banker with an incentive to maximize the price received for the properties, ending the objections of Abrams and a portion of Stampers. It would also end the compliant of the stooges that they cannot be trapped into this trust forever.

If a good buyer/higher price is found for the properties, the judge will approve the settlement and we are done.

If the I bank does not find a buyer, then we can go to trial and the issue of fraud and damages becomes more relevant since the properties where made unsellable thereby.