World Surveillance Group Inc (fka WSGI)

[pokestake]

sirius...It could be executed in that way if in fact it turns out to be a cash deal. On the other hand, that clause could be used to establish the value of the equipment, via an invoice sent by Globetel to the JV that includes cost plus, as you say. Then, as consideration for that invoice, rather than sending cash, the JV grants Globetel "a piece of the action" also known as ownership in the JV. Globetel still owes somebody for manufacturing the equipment (or not, I don't know) and if so must wait for revenues to flow and then start paying it down.

In either case, cash or ownership, the JV has to exist as an entity before anything else can happen, imo.