my guess is that tpl holds over ptsc.... ptsc bod agreed to turn over the entire mmp to tpl in exchange for generous bod compensation packages for doing absolutely nothing to earn the compensation. ptsc basically turned themselves into a public shell where the mmp revenues could be diverted thru litigation expenses and lavish compensation packages. the only reason that ptsc filed a complaint against tpl was that tpl crossed their own greedy line in negotiations with potential infingers and tpl became the subject of a lawsuit. ptsc actions against tpl was a "cya". apparently the legal actions between the two were dropped so the siphoning of mmp monies continues.......the mere fact that tpl threatened to shut down mmp is enough to force any "honest" bod in charge of their only asset to sever its ties with tpl or at least put in place some controls over tpl.....the fact that these stewards increased their salaries without any justification is mind numbing...they basically gave the shareholder a middle finger salute. i see the price drop of recent as evidence that new money saw no evidence of a prudent management team and bailed. the mmp is an ongoing saga and a "litigators cash cow".

the only way we will recover (imo), other than getting a new management team, is that the itc gets involved and we get the attention of the media. even if we prevail with the courts the money (imo) will still be siphoned off by the ones in charge.

teremoto