You are right VB and that's my biggest problem with this deal. Both companies will need to have an arm length relationship but the arms are getting very short when it is the same management / ownership.
Management will be able to decide what company makes what profit by playing with the transfer price. Been there done that.
You look at where the best multiplier is and you act accordingly.
Long term it is a very good strategy but what I would like to have right now is a clear separation with transfer prices established both ways:
PDI sell services to PTQ at what price PTQ sells aggregate material to PDI at what price
We should run that way for 2 years with pro-format P&L for each division and consolidated P&L.
That way we get it all. Less need to raise money to free up PDI of the DB chains. High revenue / profit for PTQ that will finance Spain. A growing PDI with work outside of Molejon.
To top that PDI becomes the service supplier to PTQ Spain and PTQ Portugal.
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