Since and including the quarter in which TPL filed for BK, the MMP has brought in
- $6.25M - Q ending 5/31/13
- $1.49M - Q ending 8/31/13
- $3.53M - Q ending 11/30/13
- $11.27M - TOTAL
That puts the MMP on pace to have it's best 12-month licensing period in neary 4 years depending on what has actually occurred over the last 3 months.
Furthermore, at the end of Fiscal Year 2012 (end of May 2012), PTSC's balance sheet showed $8.13M in total assets. As of the last quarter, PTSC's balance sheet showed $7.86M in total assets. That's a DECREASE of $0.17M.
During that same 18 month time frame, the MMP pulled in NET revenues of $5.12M. Again, that's NET REVENUE. Revenue that's left after all PDS expenses are paid (TPL, Alliacence, Lawyers, Taxes, etc. etc.). So essentially, the $5.12M was what was left to split between TPL & PTSC 50/50.
And from that, over the last 18 months PTSC has received $2.40M in cash distributions from PDS.
SO, over the last 18 months, PTSC has brought in $2.4M in cash from MMP revenues, yet it's balance sheet has DECREASED by $170K in total assets. So, in reality, not only has the $2.4M in cash received gone back out the door in salaries and bonuses, and PTSC ONLY company expenses like rent, overhead, etc., but so has an additional $170K in value.
3 people, a small office, very limited SEC filings and just over 10 PRs (mostly barely informational), cost us $2.57M in company treasure. That's a burn rate of $142.8K PER MONTH!!!
And Gloria, Carlton, and Cliff accused Dan Leckrone of being exhorbitant and wasteful.
WOW!
Oh, I almost forgot to add, "but at least the doors are open and we're SEC Compliant", lol.
