Replies to post #3822 on RCMW Group Inc (fka RCMW)

[agribusiness72]

The MOU was not a binding agreement where the signed JV is. That being said, things change, the MOU also stated 90/10 correct? So now the signed JV does not mention the meal, Until they modify the agreement, which is possible, I believe the meal is still on the table.

[skyhi]

Scout, I agree it is sometimes boring to read these 8k docs. After reading your post I see one key factor in the JV 8k part iii that conflicts with your ideas.

Item 1.01 Entry Into A Material Definitive Agreement.

The Company entered into a Joint Venture Agreement, dated April 29, 2011 (the “Agreement”) with Chongqing Grain Group, Inc. (“CGC”) to establish a joint venture (the “Joint Venture”) for the purpose of (i) agricultural commodities international trade ; (ii) managing and creating logistical channels; (iii) leasing or acquiring one or more 200,000 to 300,000 metric-tons facilities suitable for crushing; and (iv) expanding or building 850,000 metric-tons crushing facilities.

As you stated CPOW is leasing two plants and own shares in another that are separate from the JV. But from my understanding both the Regina and Alabama plants are going to be continuing to produce biodiesel. So that only leaves the Montana plant.

If CPOW can’t transfer the lease of the Montana plant to the JV than should simply sell the oil produced to CGG while they are looking to lease or buy plants for the JV.

This is how I’m connecting the dots. Therefore I don’t see the JV paying CPOW processing fees.