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deal guy

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deal guy

Re: kennypooh post# 57926

Wednesday, 08/01/2018 2:30:25 PM

Wednesday, August 01, 2018 2:30:25 PM

Post# of 68548
Kenny

I have to disagree with you here.

The JV is an affiliate of ECOS under accounting and SEC rules. They will need to report the JV financials and underlying JV information (like sales revenue, costs, material agreements, etc.) in their SEC filings (either by full consolidation with minority interest or proportionate consolidation). So ECOS will need to tell their shareholders all about the JV with LRS. Whether they actually comply with the disclosure rules is a different question.

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