As milestone pointed out, PTSC usually files after the market is closed on the day the 10q is due. SOP for them, so I don't read anything into the 10q not yet being filed.

Based on the licenses announced, I'm expecting PDS to have pulled in around $9M, though it could be less since at least one of the licensees took the ongoing royalty option. That amount would be in line with historical figures, though I hope the recertified '336 has allowed TPL to extract higher fees.

It'll be interesting to see how the absence of much of the management team over 2 of the 3 months of the quarter affects he expense side of things. While it seems it would save money, I suspect the severance payments and the hiring of Baroni will more than off-set the savings on those salaries. So what has typically been a $2M quarterly expenses hit, will likely be slightly more IMO.

With that logic in mind, and depending how much PTSC had to leave in PDS for funding purposes, and how much the legal expesnses were for PDS, I expect a slightly negative to slightly positive quarter.

Finances will be secondary, IMO, with the quarterly. I'll be more interested in what we hear about the "tranformation".