Re: (ads123) Tuesday's Question Of The Day...more
in response to
by
posted on
Aug 25, 2010 07:06PM
http://biz.yahoo.com/e/100409/ptsc.ob10-q.html
Overview
Through the date of this filing we and TPL each contributed $580,000 to fund the working capital of Phoenix Digital Solutions, LLC ("PDS"). We expect the contributions to continue in the future due to the working capital demands of PDS. Additionally, we have loaned TPL $1,950,000 intened to cover operating costs including the furtherance of licensing our MMP Portfolio of microprocessor patents. At February 28, 2010, we have reserved $1,013,151 against the $1,000,000 note receivable which includes accrued interest.
Good luck everyone.