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Poseidon Concepts Corp POOSF

Poseidon Concepts Corp is a customer-focused provider of safe fluid handling solutions to the oil and natural gas sector across North America.


GREY:POOSF - Post by User

Comment by terroiron Oct 30, 2020 6:33am
182 Views
Post# 31811548

RE:RE:RE:RE:RE:Email

RE:RE:RE:RE:RE:EmailThe court should have ordered transparency on the calculation of the net disbursement fund. Epic acted as a court appointed trustee and as such had a moral responsibility to provide the beneficiaries (claimants) with an accounting gross to net. But without a court order to be transparent it was not in their interest.

With regards the payout I had two figures, total loss and calculated loss calculated according to the rules set out by the court. I would assume the payout was a prorata of the calculated loss and a constant %. Mine was 8% of the calculated loss.
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