> is $110M, and expenses incurred by TPL were $5M. The
> distribution of the proceeds will be:
> 0. Original = $110M
> 1. Expenses (TPL)= ($5M)
> 2. PTSC (10% or max $10M)= (10M)
> 3. NET BALANCE = $95M
> 4. TPL (15% of Net)= ($14.25M)
> 5. NET BALANCE = $80.75
> 6. 50%/50% split = $40.375 to PTSC and to TPL.
> TOTAL DISTRIBUTION TO TPL = $59.625.
> TOTAL DISTRIBUTION TO PTSC = $50.375.
______________________________________________________________
You can write this down in a general form. Looking at the simplest situation first, a minimum of $100M so PTSC is maxed out at $10M, and the Expenses are static at $5M, we can write:
y = (x - 15)*0.425 + 10
where y is what PTSC gets, and x is the Original amount. The Percentage to PTSC is something that people have been discussing, and we can graph that out easily as y*100/x
![](http://img64.echo.cx/img64/1738/percent7tl.jpg)
y-axis is %, and x-axis is in Millions
The Limit as x -> Infinity is easy to calculate, it's 42.5%. At the minimum, $100M Original, you get 46.125%.
This simple model assumes a minimum of $100M and a fixed $5M for Expenses. I could write down a function for an Original amount less than $100M (need a mix of Step Functions, etc.), and a guess for a variable value for Expenses, but...why? lol.
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