TSXV:VER.H - Post by User
Comment by
Naamkaton Apr 13, 2011 8:49pm
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Post# 18428179
RE: Good insight
RE: Good insightGoJerez:
I don't disagree with your assertion that they will end up with more than 50% but I suspect the mechanism might be different than I think you were implying.
It's not that they will directly take on a greater than 50% WI in JV prospects, I suspect that that would contradict the terms of the JV, and in any event, would damage the attractiveness of VER, and thus their ability to raise capital on Vecta Oil's behalf.
I suspect they'll own more than the starting 50% by taking down a significant amount of the current and future financings such that they beneficially own more than 50%.
Regards,
Naamkat