But, an obligation is not 'security'?
And, please don't explain a secured loan. I never used the term 'secured loan' when speaking about a note.
I am saying CONSISTENTLY that a 'properly written' note does offer some form of security (say 'recourse' if that sound better to you) for the holder of the note.
This topic has run amock.
The issue is we (PTSC) are taking action against TPL. The bigger issue is the commingling of licenses from different companies that may have allowed fees to and expenses to be altered to benefit TPL at the cost to the shareholders of PTSC.
What happens NEXT!?
