Hi,
I have tried doing some simulations in SIMetrix. (see attached)
The PMOS switches when VGS < Vgs(threshold). For the IRF9530, it begins to turn on at -2V. So Q3 is off since, Vgs = 0. (Gate is 5V, and Source is 5V).
When the transistor Q2 is switched on (with a pulse), we get -5V- source at...