Your vocabulary is exceptional! How many times do you use the phrase ass kissing when someone disagrees with you. I do not know rrb, but I do know he has added much to the people who are trying to understand the mlp structures. Where as, you add nothing but insults and simple opinions. Go get your TLP shares with the 8+% divy. No ones stopping you.
The way you post messages, you try to twist and distort things into something they aren't. You make it sound like management is cheating the shareholders or something. Thus far, you never actually proved your point that management will get TLP units(not shares asshole).
Name me a management team that doesn't get free stock in its company(aside from Berkshire). Almost every management team at every company recieves some sort of stock linked compensation, either options, SARS or direct stock grants, all of them with various stipulations, but the insinuations you make are clearly intentional and misleading.
Yes, TMG until the last few months has not done much, but to twist it the way you doesn't make you any better of a person.
If you want the distribution, then buy TLP. I want the GP, because even an asshole like yourself ought to be able to realize that the GP is where the money is at(see KMI, XTXI, MWP, KSL, PPX GP just got bought, NBP GP just got bought, Carlyle Riverstone bought the GP to both MMP and BPL, Jim Flores and Paul Allen bought 44% of the GP of PAA). The incentive distribution rights(do you know what those are?) are essentially free money after the MLP gets up and running.
Please expand on your statement that management will get a cut of TLP and TMG will not.....
TMG will be the GP of TLP, and will be entitled to the 2% GP cut as well as the assoiated incentive distribution rights. TMG holders recieve a huge amount from TLP via the units and cash that TMG recieves for the asset transfer.