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Madclown

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Madclown

Re: chem8 post# 66714

Thursday, 07/14/2011 12:29:47 AM

Thursday, July 14, 2011 12:29:47 AM

Post# of 67237
My guess is that had the Equity Committee not requested that all of the released Oildale funds be distributed then we might have had a distribution (of 1/2 the amount) on or around July 8th. Since there was another $5.3 million in cash and stock up for distribution, waiting around another 7-10 days is worth it. Making one distribution as opposed to two makes sense from an administrative convenience standpoint.
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