Mattress_King

In the 10-Q filing released last Dec, $PSTH reported a loss from operations of $680,879 from May-Sep In the 10-K filing released TODAY they reported a loss from operations of $2,831,597 from May-Dec By subtracting the two we see a loss from operations of $2,150,718 from Oct-Dec

Further, $PSTH's loss from operations of $2,831,597 was broken down in the 10-K filing: • Legal fees ($1,658,107) • Insurance expense ($743,291) • Research expense ($192,582) • Franchise tax expense ($132,290) • Other expenses ($106,755)

It is unclear how much of each expense was incurred prior to Q4, however this ramp up in operating costs surely points to $PSTH being deep in negotiations with at least one target. TLDR: $1.66 million worth of legal fees is a lot more than just a couple SEC filings...

Like where your head is at, but consider this: $1.6mm in legal fees isn't as much as you think when you consider that: 1. Bill is likely using Goodwin or some other $2k/hr lawyers 2. Fund formation documentation take a while and are long