"To be perfectly honest I have not been able to accurately decifer what expenses are, and are not paid by PDS."

I tried getting this info, asking 5 times before getting the below response. My question was more directed towards making sure Patriot was auditing the PDS expenses, and at least based on IR's reply they are, however as you allude to there is still not a lot of transparency here. Hang in there.

Mr. XXX,

Yes, TPL’s expenses as they pertain to the PDS joint-venture are reviewed by Patriot. The entire financial statements of PDS (revenues, expenses and footnote disclosure) are audited by our independent accountants and a report is issued by them as referenced in our original response below. We hope this now answers your question.