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Tuesday, July 30, 2019 1:15:16 AM
It is unknown if WAI has sold any additional interest since the spin-off. If they did, that would dilute WEYL and divvy's equally.
The WAI revenue is not split. They are a company. If they decide to return capital via a dividend then that must be split per the ownership proportion.
This gets a bit more complicated as the operating company that would actually be bringing cash (as of now) is WIP, not WAI. WAI owns 49% of WIP. I think WEYL has an option to pink up 31% more of WIP, but that option might be owned by WAI (I have not seen this specifically disclosed).
Hope that make it clear to you, because it is not clear to me.
Team Z lives on!
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