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Post# of 68548
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kennypooh

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kennypooh

Re: deal guy post# 60153

Thursday, 11/15/2018 10:34:01 AM

Thursday, November 15, 2018 10:34:01 AM

Post# of 68548
"Cash would be allocated once a year assuming the JV has positive cash flow."

Yes, per the agreement, all allocations to ECOS of income from the purchase by LRS of their first 8 machines was to stay in the JV as ECOS's 'capital contribution' to the JV. ECOS and LRS only contributed $100 each in cash to form the JV?

LRS was to get an additional 5% interest in the JV for each machine ordered. 8 machines would equal a 50% interest.

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

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