Re: (Virt) Divorce from TPL would need to mean:
in response to
by
posted on
Aug 31, 2010 01:11AM
"I said, "helpful" nothing in stone. I think the perception in the market place would be favorable to PTSC with any change with TPL, especially, if we could win in a M/A litigation. Maybe, I'm blowing smoke on this subject? I'm trying to think positive about PTSC, lol."
Wolf
Stop "inhaling", it is dangerous!!..LOL.. I still don't understand How it would be favorable to have dual, separate ownership..( You do realize to litigate this issue will take Years to make a court decision Final after all the Appeals process is concluded, don't you?....
Try as PTSC may, IMO I don't envision any scenario which is favorable to PTSC short term...Assuming the litigation took years, baring more PIPE financing, I don't see how PTSC could exist in its present form...PDSG, IMO will not provide sufficient revenue short term to float PTSC indefinitely...The legal costs will be enormous. I suppose PTSC could sell/discount their share of the MMP to outside sources to survive, but the Market is extremely risk-averse, currently. What Financing firm would loan $$ to PTSC no matter what the Reward is today??
Unless PTSC has uncovered evidence that gives Moore CLEAR ownership to TPL's percentage of the MMP AND Moore has expressed a Firm desire to team-up with PTSC immediately, the legal battle with TPL is foolhardy IF it comes to fruition, IMO.
Virt