Replies to post #18631 on Mesa Offshore Trust (fka MOSH)

[Lebaneseproud]

Yes the judge should halt the sale pending the outcome of the trial. I frankly am not as concerned about the fire sale/weak market timing aspect of the sale. Im simply vehemently opposed to the sale at this time just for the MERE FACT that its being done before the court rules on the lawsuit and just a month before no less. I would still be strongly opposed to the auction even if natural gas was at all time highs right now. The last thing needed right now is the sale of this property which is in dispute. To have another party buy it would muddy the already muddy waters further. This is a no brainer. The auction must be stopped or postponed until a trial is held.

This whole thing really isnt all that complicated at this point as long as the judge stays firm on April trial date. Its very simple and very black and white at this point if the April trial is on. The defense either must decide to come up with an acceptable settlement within the next several weeks or the defense must be ready to defend itself in a full blown trial in a few weeks.

[looking backwards]

I think that you have worked through the argument quite well.

You also raise a new issue -- is the interest of the auctioneer transparent and straightforward. With so much at stake, who can be sure? (Some horse races seem to be won by who has the best vet. A horse that hasn't won a race in 2 years goes wire-to-wire in stakes company. Amazing!)

Unit holders made a straightforward investment. They played with THEIR OWN MONEY! ... not with shareholder money. It would be a travesty if some "indirect" issue governed the outcome of this dispute. And, if my wife is correct (she's rarely wrong) the law is not about justice.

If that is true, the MOSH team must AVOID surprises ... rather than being adept at handling such issues.

If the expert witnesses and Woodside press release are accepted, there is no "CRAP" here for an auctioneer to bundle. Indeed, as you conclude, there is no need for an auction at this time ... since the value of the properties can not be adequately developed and examined by prospective buyers. LET ALONE THE FACT THAT UNIT HOLDERS HAVE NO DESIRE TO SELL! THE UNIT HOLDERS WANT THE PROPERTIES DEVELOPED AND BROUGHT ON LINE!