.<font color=green>When I say "WE" I mean "WE" the MOSH unitholders. That’s all WE have is MOSH unitholders and Texas Standard, et al, who have filed a lawsuit on behalf of the unitholders.
Obviously I hit a sore spot with you. Why is that? Are you involved in the suit and don’t want any settlement to “flow through the trust”??
You absolutely right the average MOSH unit holder is not paying any legal fees relating to the suit. Matter of fact many people involved in the suit are most likely NOT paying any legal fees themselves!
(1) “WE” the MOSH unitholders however are footing the bill for continued operating cost and have racked up close to $3M in debt with JPM alone and “WE” the unitholders are paying for this and is more than the Plaintiffs legal bills I am pretty sure
(2) Don’t forget that the MOSH trust was harmed and not the company Texas Standard. Matter of fact didn’t T.S. buy all its units around 2003?
(3) Also don’t forget that "The limited liability of the Trust unitholders is uncertain." and if "the assets of the Trust and the Trustee are not adequate to satisfy such liability the "Trust unitholders may be exposed to personal liability."… [10-K/A filed 4/9/2008]
Why don’t you think twice before attacking any unit holders interested in the suit! If anyone in this suit were to attempt to get greedy I am sure someone can round up some old Freeport McMoran Oil & Gas Royalty Trust people to join some large MOSH unit holders in a new very interesting suit. (That is if the pattern were to continue and some know what that is).
An attitude of "'WE' can't to squat" will never get you anywhere! "WE" can do tons of squat! So why don’t "WE" all play nice. OK??
-Mike
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