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deal guy

08/27/17 5:13 PM

#38138 RE: adammh #38134

I don't see an RM when LSR can take control of the jv and get what they want without needing to touch ECOS. The reason to move next door is they need to develop an output channel for product (which LSR could help them with) and plan for new installs.

If I were advising LSR an RM would not be a play. They have 60% of the profits from the machines from the JV. They could dilute ECOS down by ramping up the JV. ECOS doesn't have the cash or balance sheet to sustain capital calls from the JV