h20brain

Hurricane Ike Hits Tel Offshore Hard Between the Eyes

Mike Ulrich who is the Trust Officer for TELOZ is also the Trust officer for LL&E Royalty Trust (LRT). Some of LRT's offshore properties were impacted by Rita and Katrinia and an activitst hedge fund has been pressing Ulrich to prusue insurance claims that Ulrich has not collected on for over 3 years! I wonder if TELOZ has similar claims. Also, it seems that LRT may be trading at a substantial discount to the value of its assets according to the 13D filled by Robotti and Co. Check out the letter attached as an exhibit:

www.sec.gov/Archives/e...