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Post# of 68548
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kennypooh

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kennypooh

Re: deal guy post# 57246

Monday, 07/16/2018 2:43:34 PM

Monday, July 16, 2018 2:43:34 PM

Post# of 68548
The problem with those valuations is that the first 8 machines are to be ordered from, and sold through, ECOS/BIOart LLC (the private JV), not ECOLOCAP? ECOS only gets allocated 50% of any NET PROFIT on machine sales at the end of each fiscal year (from the JV's accounting results).

That's the way I read the contracts!

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

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