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Post# of 68548
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deal guy

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deal guy

Re: JHeard post# 65320

Monday, 02/10/2020 3:07:29 PM

Monday, February 10, 2020 3:07:29 PM

Post# of 68548
The purchaser under the Supply Agreement was LRS so ECOS does not own the machine.

ECOS Bio-Art which ECOS owns a stake in (95% per the LLC agreement) has a right to (i0 profits on digester sales to LRS; and (ii) profits on output sales from the digester.

So one can conclude they have a share of the output sales revenue and don't own the machine.
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