Vote is In

tpltblogger18 Comments

Investor Group Comments On Results Of Special Meeting Of Texas Pacific Land Trust

Out of the 7,756,156 shares outstanding on the record date, a total of 3,660,812 shares voted for the election of Eric Oliver(including shares voted through Broadridge).  We have been advised by Broadridge that a total of 1,994,267 shares were voted in favor of the election of General Donald Cook.  

Although TPL’s representatives present at the meeting noted that they did not recognize the validity of the special meeting, we hope and expect, in light of the overwhelming support in favor of the election of Eric Oliver, that David Barry and John Norris will welcome Eric Oliver as a fellow trustee and work with him collaboratively to create value for all shareholders.  It is time to move forward.

CNBC recap

18 thoughts on “Vote is In”

  1. The claiming victory press release makes a comment about saying its time to put this fight behind everyone and work together. With this vote margin the two trustees would be smart to give up and play nice, and be open to Oliver’s ideas. What they next do will show their intent. HK has shown they can deliver the votes, and a recall election could be called for by anyone owning 5% of the shares.

    If I was a losing trustee, I would throw a bbq with Eric and my former combatants to show the civil war is over. Break out the 20 year whisky. Drop the bogus lawsuit, and move forward.

    Otherwise, with a 2-1 margin for Oliver, it looks like they are poor losers and obstructionists….which they have been, but they need to change or go extinct.

    Liked by 1 person

  2. Agreed. Although this is a stunning loss, it is not an altogether unexpected one. The trustees were outmaneuvered at every turn. I would advise them to lick their wounds, smoke the peace pipe and undertake the tough job of reconciling with Mr. Oliver and Horizon Kinetics. I will take a dim view of any further antics, either in the courtroom or otherwise.

    Liked by 2 people

  3. Amen to both. I would suggest that they both resign though for their lack of acting in the fiduciary interests of us shareholders.

    Liked by 1 person

    • The trustees disgust me. They need to be removed. They only pretend to be fudiciary responsible. We need management with real skin in the game.

      All of what people have shared in their own research in these comments has only helped reconfirm my own views. I think with real manaement TPL will be even more incredible. Management and trustees need to go.

      I expect that we will see a lot of evidence of their self serving crooked way. Thanks

      Liked by 2 people

    • Are the current Trustees buying as much time as possible so they can make sure they shred all the evidence of their self-serving antics? It is becoming increasing clear the current Trustees are corrupt. We need a counter suit against the Trustees, and force them to answer the questions that were asked of them from Team White. Yes, this will cause possible short term pain for us shareholders, and cost us money, but if the end result is that these 2 guys are removed as Trustees, it will be worth it for the long term health of the Trust.

      The other things that really bothers me is that General Cook is sticking with these 2 corrupt guys. It is a complete contradiction that he is FOR good corporate governance and transparency, and at the same time is supporting these stewards of bad corporate governance and no transparency. Have to say, don’t think so highly of him anymore.

      Liked by 2 people

    • I guess tha they didn’t read Eric Oliver’s questionnaire reply dated Monday to their May 16th demand. They claim that he didn’t respond which is patently a lie. Let the court get them under oath. There’s something criminal going on here.

      Liked by 1 person

  6. If this is an annual general meeting and if Horizon et all received twice as many votes as the incumbents , Horizon et all is the legitimate winner and the sooner this is recognized the better !
    Hugh

    Liked by 2 people

      • TPWR is there in the filing. My bad.

        Here is what I have on these:

        Texas Eagle Ranches, LLC
        Texas Taxpayer Number 32068484388
        Mailing Address 206 E 9TH ST STE 1300 AUSTIN, TX 78701-4411
        Right to Transact Business in Texas ACTIVE
        State of Formation TX
        Effective SOS Registration Date 09/26/2018
        Texas SOS File Number 0803126262
        Registered Agent Name CAPITOL CORPORATE SERVICES, INC.
        Registered Office Street Address 206 E 9TH STREET, SUITE 1300 AUSTIN, TX 78701

        Riverton Holdings, LLC
        Texas Taxpayer Number 32068484461
        Mailing Address 206 E 9TH ST STE 1300 AUSTIN, TX 78701-4411
        Right to Transact Business in Texas ACTIVE
        State of Formation TX
        Effective SOS Registration Date 09/26/2018
        Texas SOS File Number 0803126253
        Registered Agent Name CAPITOL CORPORATE SERVICES, INC.
        Registered Office Street Address 206 E 9TH STREET, SUITE 1300 AUSTIN, TX 78701

        TPL Holdings LLC
        Texas Taxpayer Number 32066370902
        Mailing Address 206 E 9TH ST STE 1300 AUSTIN, TX 78701-4411
        Right to Transact Business in Texas ACTIVE
        State of Formation TX
        Effective SOS Registration Date 02/27/2018
        Texas SOS File Number 0802948096
        Registered Agent Name CAPITOL CORPORATE SERVICES, INC.
        Registered Office Street Address 206 E. 9TH ST., STE. 1300 AUSTIN, TX 78701

        TPL HOLDINGS, II (??)
        Texas Taxpayer Number 32060305474
        Mailing Address 700 LAVACA ST STE 1401 AUSTIN, TX 78701-3101
        Right to Transact Business in Texas FRANCHISE TAX INVOLUNTARILY ENDED
        Request tax clearance to reinstate entity
        State of Formation TX
        Effective SOS Registration Date 04/27/2016
        Texas SOS File Number 0802446403
        Registered Agent Name REGISTERED AGENTS INC.
        Registered Office Street Address 700 LAVACA ST., STE. 1401 AUSTIN, TX 78701

        TEXAS PACIFIC ROYALTY ACQUISITIONS, LLC
        Texas Taxpayer Number 32068484305
        Mailing Address 206 E 9TH ST STE 1300 AUSTIN, TX 78701-4411
        Right to Transact Business in Texas ACTIVE
        State of Formation TX
        Effective SOS Registration Date 09/26/2018
        Texas SOS File Number 0803126273
        Registered Agent Name CAPITOL CORPORATE SERVICES, INC.
        Registered Office Street Address 206 E 9TH STREET, SUITE 1300 AUSTIN, TX 78701

        Liked by 1 person

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