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Message: Looks like MMP Licensing Fees remain the same

Looks like MMP Licensing Fees remain the same

posted on Jan 11, 2010 04:18PM

History predicted that PDS woud receive about $9.52M in licenses. Looks like they got $8.70M. Also, seem by the way they're characterizing the licensing receivables ($2M) that they HAVE now begun allowing installment payments.

It's encouraging that the fees apparently haven't been lowered, however, nor have they seemed to rise as offered by TPL.

"During the three months ended November 30, 2009 and 2008, TPL entered into licensing agreements with third parties, pursuant to which PDS recorded aggregate proceeds of $8,696,000 and $2,775,000, respectively. $2,000,000 of these proceeds are to be received in July 2010 and accordingly have been recorded as licenses receivable on the November 30, 3009 condensed balance sheet of PDS."

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