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Post# of 68548
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kennypooh

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kennypooh

Re: Jabez Advisory post# 47951

Wednesday, 12/27/2017 10:01:51 AM

Wednesday, December 27, 2017 10:01:51 AM

Post# of 68548
Read the JV contract...all ECOS income from machines sales must remain in the JV (as ECOS's capital contribution) until after the first 8 machines are purchssed through the JV. That means no cash flow for ECOS from machines for quite awhile? The margin on the machines is only about $200,000 and that has to be split 50/50 with LRS. The ECOS gross on each machines is around $100,000?

Don't expect much in cash flow for 2017? 2018 JV profits won't even be calculated until Jan 2019.

GLTY and JMO

Please help save the earth. It's our only source of chocolate.

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