can anyone figure out how we show $11.69M on the 10Q and in the PDS income statement I come up with $12.6M. Anyway to those that say we had $17M in PDS expenses for the Q is reading the report wrong. YTD we have had $17M in expenses and $2.7M in Q2.
I dont know WTF TPL is doing but it sure is pissing off alot of investors. I for one had a pretty good indication that we had not received anything from the J3 just based on the fact that Fish wasnt fully paid out as of a late December S filing. Had we received even $20M from the J3 Fish would have been completely paid out the $2M owed him based on the formula so this wasn't a surprise for me. The surprise is why TPL didnt take these guys all the way after dicking with them in the courts for 3-4 years???
Unfortunatly business as usual in Carlsbad....more questions than answers
| PDS Income Statement |
Q308 |
| Licenses
|
27,918,970 |
| Expenses
|
2,735,261 |
| Interest
|
64,696 |
| Net PDS income
|
25,248,405 |
|
|
| 50/50 split to PTSC |
12,624,203 |
|
|
|
|
| Affiliated earnings (10Q) |
11,696,265 |
|
|
| Delta ?? |
927,938 |
