P10 Industries Inc. (PX)

[value1008]

What i can't figure out is why PIOE in the Q3 report spoke of RCP Advisors 2 and 3 and referred to them collectively as "RCP Advisors" but then mentioned they only had $3.6 Bn in AUM, and that there was another $1 Bn for another segment of RCP Advisors (presumably RCP Advisors "1") that would not be part of the acquisition.

Yet we're seeing these other figures from the sites where RCP itself has to report its AUM, and the numbers add up to much higher.

Has anyone figured out why we have this big discrepancy and what appears to be PIOE under-valuing RCP's AUM?

Along that line, the "23 million in revenue over the past 12 months" doesn't sound like a high enough figure, either, given the ample amount of AUM.