Replies to post #60153 on EcoloCap Solutions Inc. (fka ECOS)

[kennypooh]

"Cash would be allocated once a year assuming the JV has positive cash flow."

Yes, per the agreement, all allocations to ECOS of income from the purchase by LRS of their first 8 machines was to stay in the JV as ECOS's 'capital contribution' to the JV. ECOS and LRS only contributed $100 each in cash to form the JV?

LRS was to get an additional 5% interest in the JV for each machine ordered. 8 machines would equal a 50% interest.