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Saturday, January 23, 2010 10:36:18 AM
We will probably never see BEHLs contract with its customers and that means we will have to go on faith that BEHLs contracts are as Dennis says they are. If we as shareholders do not have the faith that Dennis has these contracts then we have the option of selling our shares. We will have to wait to see the revenue.
A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship. Who is to say that they only plan to JV the $6,000,000 Algae PO, remember Dennis said that he could sell all the algae he could produce. Who is to say that RWE does not have customers itself that will be involved in this JV.
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