Think of the size of your staff preparing all the necessary financial documents..then compare the size of Gloria's staff... PTSC only has 4-5 people. Even allowing for subbing out some of this work to outside accountants, Gloria still must review, advise, correct and sign off on the work. The pipe financing deals and follow-up on a daily basis require constant attention. Dealing with Johnson (Swartz) on a day-to-day basis could be a real pain.
Am no friend of the Board. Giffhorn nearly sank PTSC, and the Board signed off on that deal. Am still trying to understand why PTSC has an Anesthiseoligist on the Board for all these years.
Virt