emtnester / Re: ease2002 / Re: BID .1275 x ask .1280 ******* Must admit your
posted on
May 06, 2009 11:58AM
Thanks for clarifying. I'll try to go back and relisten. It seems that PDS working capital was approaching levels that would not only be negative from a cash flow perspective, but if the legal battles and associated costs continue, might ultimately go negative on the balance sheet if the licensing is low as you expect. I don't remember specifically what the balance sheet showed, but will look into it more when I have time. If it gets to that point, PTSC will HAVE to fund PDS by agreement I believe, so while I'd hate to see it ever get there, it would be interesting, as that would force PTSC's hand to show what it really thinks of the MMP's future.