Excellent summary, MC. The main variable seems to be the cash:share ratio of the distribution. Well, as with much of this whole process, we shareholders have little to say (sadly). So, I'll just wait and see what turns up in my account.
We will have to wait a few more weeks to get the distribution.
"At the hearing on July 14, 2011, the Court granted the relief requested in the Oildale Reserve Distribution Motion. The Reorganized Debtors anticipate making a supplemental distribution to holders of Interests in Class 13a in the coming weeks with respect to the amounts authorized for distribution in the Oildale Reserve Distribution Motion and one-half of any excess amounts that may exist in segregated reserves following the consensual reduction of the segregated reserve for the Oildale Claim and settlement of the claims subject to such reserves (all in accordance with the Reserve Order)."
REORGANIZED DEBTORS’ THIRD POST-CONFIRMATION STATUS REPORT FOR THE PERIOD FROM APRIL 1, 2011 THROUGH JUNE 30, 2011
Non-Objecting Creditors’ Reserve was approximately $44 million. Total Segregated Reserves $7,435,066
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