tag:blogger.com,1999:blog-9124689470679950519.post891062998832615818..comments2008-10-30T22:54:45.358-05:00Prudent Speculationsprudentspeculations@gmail.comBlogger2125tag:blogger.com,1999:blog-9124689470679950519.post-23058238860361549212008-10-30T22:54:45.358-05:002008-10-30T22:54:45.358-05:00If I understand QRCP's two most recent announcements correctly, I would have to tell you that all of QRCP's units are subordinated when it comes to distributions. As a result, I think that they only got at most 150K from their GP interest in QELP.<BR/><BR/>Furthermore, today's announcement has bought QRCP significant time to rework its credit agreements at its subsidiaries. While they sold their land at depressed values, it was far better then a BK filing. Here is the link to their announcement.<BR/><BR/>http://qrcp.publishpath.com/press-releasesPrudent Speculationshttp://www.blogger.com/profile/07796389608465476899noreply@blogger.comtag:blogger.com,1999:blog-9124689470679950519.post-86586034070140026252008-10-28T07:33:55.323-05:002008-10-28T07:33:55.323-05:00QELP just made a distribution of 0.40 per unit. Can anyone explain this part of the announcement: <BR/><BR/>"The partnership does not plan to pay a third quarter distribution on the subordinated units owned by Quest Resource Corporation"<BR/><BR/>How many common and how many subordinated units QRCP holds? Is<BR/>this good or bad for QRCP?<BR/><BR/>Thanks !!!Energy Investornoreply@blogger.com