"TPL has stuck it to us for too long.....Now that they need monies to survive we play nice with them...............The BOD NEEDED TO PLAY HARD BALL and we gave them a sweet heart deal........
I realize that if TPL goes down so do we but we finally have an upper hand and the BOD WIMPS OUT......"
Sorry, I gotta mildly dissagree with you on this....While I agree with you that TPL has been continually sticking it to PTSC year after year whenever and wherever possible, I believe, the BOD tried to be a team player, and provided short term financial support to TPL. PTSC & TPL are both in this together. It is not a zero sum game.
The BOD did exact a 10% interest for the loan and reasonably secured the loan to their credit. Additionally, there could be "chits" laid down now by PTSC in support of TPL , which we are unaware of, which may pay off down the road - But that is pure speculation on my part... Virt
Congrats on your J-E-T-S, but the Bolts are taking you down this weekend..LOL.