Whether it is 100 million fee or 15% dilution it is robbery. Don't you think that if the GP thought 100 million was more than the 6 million shares PLUS the future dividends they would have just taken THAT? I don't care what they "dropped" down"........they are probably taking more than they are giving or it would not have played out this way.........I'm OUT and GLTA...........this is legalized thievery..........
At least you seem to have more smarts than the other investors in this LP. I was looking for potential investments and started doing due diligence on this company. As a retired CPA as found one of the most obscene incentive compensation structures in any investment. This is a very small MLP compared to all my other MLP investments and it has the highest compensation being paid to its GP. All my other MLPs pay either no incentive fee to a GP or 1-2% max. This is really obscene and unfortunately most of the posters here do not understand why these shares have been falling when the stock market is on a tear and hitting an all time high.
Thanks for your remarks.........I have a lot of Linn Energy as well. and they do not play games like this. My philosophy is that if you cannot trust management.......get out.........and that is exactly the problem here.......these people are pirates. I should have done more DD myself..............shame on me.