Wouldn't we make out better if they let go of all PDSG employees, close the doors, turn off the lights and kiss this one goodbye as opposed to keeping it going and paying SEG for their services? What could they hope to get for this one?
From the 10Q Subsequent Events
On October 7, 2011, PTSC retained the services of an investment banker to seek a buyer for PDSG. At August 31, 2011 the carrying amount of PDSG’s major classes of assets and liabilities are: (emphasis by me)
|
Assets
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
143,937
|
|
|
Accounts receivable
|
|
|
27,456
|
|
|
Work-in-process
|
|
|
122,360
|
|
|
Prepaid expenses and other current assets
|
|
|
32,475
|
|
|
Total current assets
|
|
|
326,228
|
|
|
Property and equipment, net
|
|
|
6,438
|
|
|
Other assets
|
|
|
74,706
|
|
|
Total assets
|
|
$
|
407,372
|
|
| |
|
|
|
|
|
Liabilities
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
Accounts payable
|
|
$
|
17,753
|
|
|
Accrued expenses and other
|
|
|
155,067
|
|
|
Deferred revenue
|
|
|
31,674
|
|
|
Total current liabilities
|
|
$
|
204,494
|
|
