I agree. You'd expect 50% of the JV assets would show up within QMC's assets, if QMA was half owned by QMC. (The company has not yet used that 50% ownership language however.) Would it be possible to structure the JV so that QMC doesn't own half the assets (and company) and yet still has rights to 50% of revenue*, almost like a licensing royalty?
* BTW, the 8-K refers to it as "cash distributions." My guess is that Bill's original reference to "revenues" was a misprint.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.