Now, explain to me why PTSC should expend a single penny beyond the funds they dedicate to PDS to support the MMP?

They shouldn't. Explain to me why they're out acting as a VC company? Any funds not spent related to the MMP should be kept in reserve.

Why should PTSC contribute more than our fair share for half of the net proceeds from the MMP?

Good question for the BoD and management. Check the 10Qs because they're paying an awful lot of legal.

And how would that money be spent without violating the terms of the Master Agreement?

I'm not proposing that they spend anymore than is required. Just that they don't waste it on things like acquisitions or dividends. There may come a time when a sizeable cash reserve will be necessary. Regardless I don't have the terms of the Master Agreement so I don't know. Perhaps you could fill me in on the specific language that addresses this.