Troy. You said.........It does not. They can say that all they want but unless the JV contract has been amended, that is not what the contract provides. The contract provides that NVEI's $2.25 million is second in line, not first.
If you feel this way then email John Howell at jhowell@newvisual.com. Or even better call him toll free at 1 877 610 0333. Ask him for explanation.
Wouldn't it be much better to get your question answered by the ones who know?
If you disagree with 8k the ONLY one who can help you at this time would be the party that is part of the contract.
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