Keyser, LLC 

Short history and Questions related to Members' Meeting -  September 14, 2024

A little history:

2020

Estate sued Todd:

Todd responded with and answer and counter-suit

2022

Todd sent letters to operators of Keyser, LLC properties alleging the LLC was implicated in his counter suit.

 

• Some of the operators responded to Todd's letters by suspending our revenue.

• Consequently, our royalty position with those operators is clouded.

• I have been advised to lift these clouds before attempting to sell the affected properties.

• Especially since the arbitration award, we, meaning counsel, have been presenting information to the affected operators in an attempt to “lift the cloud” over our royalty positions.

  • Y'all may recall, part of the arbitration award is “All Todd's counter-claims are denied.”

  • Some of the operators have not released our funds or cleared our royalty positions.

• Now, we have bumped up against the statute of limitations to make our case against Todd's interference with Keyser, LLC.

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1. Have all attempts been made with the oil companies (Anadarko and Conoco Phillips?)  to resolve any incumbrance on the sale of the LLC properties?  And what has been done?

2. Are you having to file the LLC suit because you don’t think you can free up the disbursements and the sale of the LLC any other way?

3. Here is our understanding: Because the suit is still in the hands of the arbiter and has not been released by the court, the suit is not legally settled.  When the suit is released by the court, all these oil property holders will be “satisfied” and we can easily move forward with getting currently held monies released and the LLC sold.  Is our understanding accurate?

4. Will the completion of the current estate suit against Todd settle the LLC issues in October and, if so, why would there be a need for the LLC suit?

5. So, what is the purpose of the LLC suit?  Will it just “muddy the waters”? Should we just let the process unfold until the estate suit clears the court? Why do you as executor and your team feel the LLC suit is necessary? 

6. I am concerned that by your legal team filing the LLC suit that the LLC will be “tied up” for years.  Do you share my concern… why or why not?

7. We are somewhat concerned that this is a “set up” for your legal team to get more money and reduce our LLC funds and put them in their pockets. Do you share our concern?  Why or why not?

8. What do you mean by your statement that Todd and his team are being uncooperative at best?

9. If you do file the LLC suit, what do you hope to gain from it?

10. Are the lawsuits civil or criminal?

11. How long have we known about tthe LLC interference and why wasn't it addressed sooner or is this just a tactic?

12. Can we make a cash offer to settle this suit which would free up everything?