"Assuming we have no income, no revenues, no participating funds from TPL or CM and further assume we are paying "all" the legal expenses for all the various legal activities as well as payrolls, rents etc (for all the various acquisitions), and of course all the payrolls for officers and directors of PTSC and the various subsidiaries....."

That's a lot of assumptions, many with no basis IMO.

"No participating funds from TPL or CM" - So far we have given them (TPL) two loans of around a million each. One is secured by future revenues from the MMP. The other is (stupidly) not secured, but litigation is underway which should, at minimum, make it secure. This is a net receiveable ($2M). As for the need for future contributions to PDS, we're equipped to pay our portion - it's TPL that has the problem. They can come up with the money or lose a percentage of ownership of PDS (the MMP), and yes, then PTSC would make up the money difference.

".....further assume we are paying "all" the legal expenses for all the various legal activities..." - that's what the money going to PDS is for, with the exception of legal expense for going after TPL.

"....as well as payrolls, rents etc (for all the various acquisitions)...." - For PTSC HQ, yes. All else, indirectly if at all. They are separate entities with separate lease agreements, payroll, etc. PTSC dedicates funding on occasion as per the 10Q, but I don't believe it would be on a weekly/monthly basis. We are not full or even majority owners of some, we bought their preferred stock or some other equity position. I doubt PTSC is hands-on paying bills for any of them. To the contrary, remember the AMS "issue" about Holocom wanting more funding and being turned down?

So while some of your assumptions hold water, others don't in my opinion. But this is probably a very worthwhile exercise.

Need the numbers.

A. PDS expense appears to be $580K/qtr (each, per the 10Q). There's a start...

B. PTSC expenses (sans PDS) per qtr?

C. Cash and cash equivalents?

Calculation:

C divided by A + B = the number of qtrs PTSC could maintain....

If we are footing TPL's half to support PDS, then:

C divided by [(2 X A) + B] = the number of qtrs PTSC could maintain....

The above excludes your "cushion" monies (not sure what you'd be comforable with, though this probably depends on the results of the calculation).

JMHOs,

SGE