That $2M max number rings a bell. I believe that was the max legal expense allocation IF there were no other licensing income to PDS/Alliancense. Otherwise, an amount to cover legal expenses was withheld from licensing proceeds when distributions of income were done.

Do you think it was possible that Alliacense incurred legal costs greater than a combined (PTSC/TPL) $4M/qtr.? Sounds mighty steep to me. I suppose I could beleive $1M/qtr., maybe even $2M.

Do you think there was any contingency arrangement in the deal with T&T, or strict "pay as you go/incurr"? It appears to me to have been the latter....

But I KNOW nuttin'!

SGE