That spells out quite well the normal order of things, but then there is LQMT and the maze. It sure seems like this ring business originated in the USA, and Valencia is writing it. What is to stop Yihao from over charging Valencia for manufacturing, and expatriating the dollars? Now I doubt that would happen for a pittance, but if this gets to be serious money, the various agreements’ we have with Chinese entities are vague and for that matter can be modified, canceled, or just ignored by the controlling interest. As expressed many times, LL is never going to sue EON or Yihao for performance. IMHO. But somebody is going to decide who gets what.
Your background is in fact very helpful. Mine is global M&A. Lots of different perspectives here, a good thing.
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