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Message: How much did Phillips pay on October 27th 2007?

Q308 PDS Income Statement

in response to by
posted on Apr 09, 2008 06:58PM

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
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