EX-1
from SC 13D/A
1 page
The Bank of New York Mellon Trust Company, N.A. Trustee for Pacific Coast Oil Trust 601 Travis, Floor 16 Houston, Texas 77002 Attn: Ms. Sarah Newell Vice President September 25, 2024 · the Evergreen Second Amended Complaint · the Infamous “Second Set of Books” Produced in the Evergreen Action, Purporting to Show De Minimis Expenditures for Asset Retirement Obligationsii · All Letters Filed as Exhibits to Forms 13g, 13d, and 13d/a Since 2021 Carson Mitchell Tim Eriksen Managing Member Managing Member Shipyard Capital Management LLC Cedar Creek Partners LLC Carson@shipyardcapital.com Tim@eriksencapital.com I Evergreen Capital Management V. Pacific Coast Energy Company, 20stcv26290, Second Amended Complaint, 28 January 2022
12/34/56
EX-1
from SC 13D/A
2 pages
December 22, 2022 · the Trust’s Final Ipo Prospectusi Showed the Asset Retirement Obligation (Aro) Existing Before the Date of Conveyance and Remaining With the Trust’s Operator (Pcec) After Conveyance · the Conveyance Agreement States That Liabilities Incurred Before the Conveyance, and Costs Relating to Production Months Before the Conveyance, Are Not Liabilities of the Trust (Conveyance Agreement at 5, 20) · Consistent With These Principles, the Operator’s Previous Owners—who Wrote the Conveyance Agreement—did Not Charge Aro Obligations to the Trust · When Pcec Came Under New Management, the Trust’s Auditor (Pwc) Resigned Because “Information Had Come to Pwc’s Attention That Causes Pwc to Be Unwilling to Be Associated With the Trust’s Financial Statements”ii · Pcec’s Former CEO Alleged the Existence of a Scheme to Expropriate Trust Assets via Inflated Aroiii · Pcec’s Own Expert Witness Admitted Under Deposition That Pcec’s Accounting for the Aro Does Not Accord With Gaapiv · Martindale (A Consultant Engaged by the Trustee) Described Pcec’s Accounting as “Inequitable”V
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