As far as PTSC's financial position, if the $350K distribution is coming from pre 12/1/12 Barco License net fees, I don't think it will change the overall picture for them. Since they carry PDS' financials within theirs, they carry their share of the equity position in PDS which should be the license fees minus the PDS expenses (lawyers, accountants, Alliacence, etc.). So whether that $350K was under the PDS financial info, or subsequently transferred to the PTSC side, it's the same money (of course I'm speaking only of pre 12/1 Barco license fees).

Perhaps it's coincidental, but the $350K distribution listed in the subsequent events section was listed as occuring on 12/3. That's the same day the Sierra Wireless license was announced. That would seem to be a very quick turn around on the accounting, but perhaps things had been in the works on that deal long enough that they had all of it dialed in as to what PDS would pay in expenses vs what it would retain & distribute, and they pulled it off that quickly.

At the end of the day, $350K isn't going to have a huge impact on PTSC either way, so I think we'll have to wait until the next 10q to try to decipher more.

Corrections welcome.