At this time, I am not interested in any movement to sue the BoD. I would, however, be supportive of any justified effort on the part of our BoD to (1) bring legal action against Leckrone, (2)to use the BK Court to gain more control of PDS (3) to severe relationships with the entire Leckrone family once and for all.
At one time I had seen information from TPL's bankruptcy filing. From my notes, this is a partial listing and not all inclusive of what was in the filing:
Accts Receivable:
PDS (unknown portion of this is uncollectible) $2,866,678
Claim against PTSC for expense reimbursement for work on pending litigation $200,025
Claim against PTSC for expense " " " $152,817
Reimbursement due from PDS for certain MMP portfolio expenses Unknown
Unsecured Priority Claim
Janet Neal - incentive compensation $1,340,160
Unsecured Non Priority Claims
Alan Marsh MMP Revenue Share $457,687
Chester Brown " $10,028,429
Dan Leckrone " $9,012,285
John Leckrone " $9,012,285
Susan Anhalt " $9,012,285
PTSC Balance due on Settlement $1,042,500
Other transfers
Charles Moore 1/23/13 Debtor agreed Moore's percentage interest would be paid from PDS rather than TPL pursuant to a settlement agreement
Payments made to Creditors within 90 days of filing
Janet Neal $34,000
Janet Neal $62,617
PTSC 2/26/13 $8750
Janet Neal keeps popping up......hmmmm