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deal guy

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deal guy

Re: KART4445 post# 63502

Thursday, 07/11/2019 2:36:28 PM

Thursday, July 11, 2019 2:36:28 PM

Post# of 68548
ECOS obligation to report is driven by SEC rules and are not impacted by an agreements with LRS. ECOS still needs to report its share or income or loss from the LRS JV when it is earned (not when it is ditributed.

ECOS and LRS could have amended their JV or the supply agreement. Though since these are material contracts ECOS would need to file the amendments.

That being said ECOS has a long history of reporting when they want with no repercussion. That is the way of life in pennyland.
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