Our BoD signed an agreement with TPL and Moore wherein TPL is obligated to perform towards obtaining funds from the MMP, and PTSC is to stay out of the way.
From Wiki:
"Monetization is the process of converting or establishing something into legal tender. It usually refers to the printing of banknotes by central banks, but things such as gold, diamonds and emeralds, and art can also be monetized. Even intrinsically worthless items can be made into money, as long as they are difficult to make or acquire. Monetization may also refer to exchanging securities for currency, selling a possession, charging for something that used to be free or making money on goods or services that were previously unprofitable."
So "monetization" means getting money from/out of something. Here the something is the MMP. TPL is charged with getting the money from/out of the MMP. The PTSC BoD is responsible to do something with the money PTSC receives as proceeds of TPL's monetization effort.
Perhaps that clarifies.
SGE
