I posted this on 5/12/2008 (PDS)

At one time I was in the opinion TPL was going to do a merger, or some another type of take over of PTSC. Now, as I've looked into the PDS by-laws, and who controls PDS, I've changed my mind. Why should TPL expend any money for PTSC. They have complete control of the "MMP" through PDS, and Alliacense now. Once you have full control of the money flowing into PDS, and also, full control of paid expenses and the profit/loss of proceeds for a 50/50 split, the game is over. Remember, these three members of the "Management Committee" who runs PDS is comprised of an Independent manager "Robert K. Neilson" who is also Senior Vice President of TPL (COO), and is also President of PDS. "Dan Leckrone", Chairman of TPL is the other member of the Management Committee, and "Carlton Johnson" representing PTSC, and he currently serves as legal counsel for Roswell Capital Partners, and has served as legal counsel for Equiplace Securities, (Formerly Swartz Investments.) It only takes two of three managers to be present for a meeting of the "Management Committee" to establish a quorum for the transaction of business. Remember, this "PDS Corporation" originally was set up for the purpose of sharing all proceeds 50/50 with PTSC, unfortunately this has not been the case. The only thing going for PTSC now is what's on hand of the remaining cash, excluding the 5-mil for student loans, and the in-house treasury shares they hold since the end of February, 2008 for a possible M/A. (IMO) Carlton Johnson made the decision to replace Turley with Groerner, because Turley was a lose cannon, and could not be manipulated in what was transpiring at PDS. This all happened in December, 2007 when they announced the settlement with the J-3 that's when all communications with shareholders was reduced, and then it was game, set, match. Corrections welcome.

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