Re: It is important IMO to read 12007s post if...
posted on
Mar 25, 2014 11:55AM
"Any ideas as to why Johson never pursued Patriot's right to Arbitration to appoint the third member of PDS?"
When asked at a SHAM, the response was along the lines that things were fine as they were without the tihird member and he felt we didn't need one.
To my mind that indicates a long period of utter negligence and of contempt for the structure of PDS to the ultimate cost of PTSC shareholders. The call for abritration with TPL now is a CYA attempt probably under some pressure. Gloria and Cliff are equally at fault because they should have voted 2:1 to either instruct CJ to start the arbitration when it was required or to replace CJ as the paid company PTSC representative to PDS.