RE:RE:RE:RE: They are at the mercy of Cubans even for Moa $ ???You are missing my point entirely. You are saying Sherritt is an equal partner in the declaration of JV dividends. On paper you are correct. Clearly, however, in practice history shows this not to be the case. That's it that's all. I am not saying anything more than this pretty irrefutable observation. All good - no need for aggravation (or 'org charts') - we will all prosper here and the future very bright.
Contrarian333 wrote: Disingenuous? You are in way over your head kid. Have you ever seen an org chart of pretty much any public company and the number of underlying corporate entities that exist for one reason or another (taxes, asset ownership, etc.) What I am now done explaineing to you is that there is a non cuban domociled legal entity in the Bahamas jointly owned by the two parties where the legal ownership of product resides, and which markets, sells and collects the proceeds from sale of that product. That entity has a bank account. What I wanted to confirm was the movement of the cash from that bank account. What I have now confirmed is that small bits of cash are remitted from that legal entity's bank account in the Bahamas to Cuba on a monthly basis to pay for basic expenses. However, the balance of that cash is HELD IN THE BANK ACCOUNT IN THE BAHAMAS! From there the joint venture partners determine what distributions if any are to be made and they are directed to Sherritt in Toronto and the Cubans in Cuba. So there is no Cuban hand holding the cash. In the event of a dispute between the two partners there is a dispute resolution mechanism and this would all fall under Bahamian law. This is the way a JV works. Its basic business.