< He owed him 2 mil and that was what he got from PTSC.>
Well, we assumed that the money was going to Moore, but was it?
On March 27th Moore said, "I'm hopeful for developements regarding TPL." It doesn't sound like he got any of the $950K on Dec 24 or any of the million on Jan 12th, does it? And if he recieved those kinds of funds, would he let the bank foreclose on April 6th?
That tells me, that the TPL's need for funds was actually not for any payments to Moore. So, if arbitration did not go TPL's way, then TPL would be in a real financial bind as too much money would be needed on a prompt basis. Already in the hole for 2 mil to PTSC, plus current payment to PDS plus needing to pay Moore 2mil or more. PTSC probably didn't mind loaning money to TPL if it is to insure MMP work continues. But they probably aren't willing to loan TPL funds to pay Moore. I suspect that perhaps Moore did OK in arbitration and that was when PTSC decided to protect the mil loan with a court filing.
All IMHO, Opty