Pacific Coast Oil Trust: No May 2025 distribution; net profits deficit grows, dissolution underway

Pacific Coast Oil Trust

No cash distribution for May 2025; cumulative net profits deficit is $9.4M (Developed) and $38K (Remaining).
Trust is dissolved per arbitration panel; trustee to wind up but delayed by whistleblower probe and auditor search.
Whistleblower lawsuit against PCEC (Brendan Potyondy) proceeds in federal court; OSHA administrative complaint closed, appeal pending.
PCEC deducted $2.1M in legal fees from net profits related to Evergreen arbitration.
Trust owes PCEC ~$11.0M; likelihood of future distributions extremely remote.

item 2.02item 9.01

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