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Message: Re: "liabilities are stated at $50,000,001 to $100 Million" .. Hmmmm
1
Apr 01, 2013 10:45AM
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Apr 01, 2013 10:58AM

Thank you, BaNos

Section 31 page 6 indicates that "TPL" received the "assignment", "Exhibit B", from Moore; not DL personally. Assuming the distinctions are identified accurately, it leads to the following quandry/observation.

In the Chap 11 filing for TPL.. "It states (TPL's) assets at $500,001 to 1 million"

BUT, This asset amount should include TPL's share of the MMP, or TPL's interest in the PDS JV which holds their MMP interest.

I wonder what PTSC carries the value of our half of the MMP on our balance Sheet ? Anyone recall ?

SO .. Now the question I'd like to know is ... :

1. Did TPL assign their MMP ownership interest to Leckrone personally ?

2. If so ... I believe the new non-public 2012 ComAG with PTSC would show this change in parties from TPL to DL, or reflect within it, DL (or another of his controlled entities) as a surviving party with PTSC somewhere within the body of the new Com Ag Agreement.

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