"It will be interesting to see if the "alternative fee structure" route turns out out to be more or less expensive in the long run."

I can't see how any alternative arrangement could be less expensive than "100% payment up front". Anything else puts the party at risk of not being paid for work they've already done. It's almost certainly some sort of contingency deat in which case, unless TPL if fully covering the arrangement out of their 15% 'off the top;

If in any way the modified arrangement reduces the ultimate proceeds net to PTSC from what they would have been without the modifications, i.e. per the original agreement(s), then surely the modification is material to PTSC shareholders.

It's the price PTSC pays for having squandered so many millions of dollars. If we had them now we'd be in far better shape to put better controls on Leckrone and to negotiate better "alternative fee structures".

I know this is "hind-sight" but the comment can only be made because the BOD didn't have "foresight".