RE: Strange... Just my take (and this whole set up is as clear as mud if you ask me). Grafoid is a private company, with 4 shareholders, Focus 40%, Chui, Economo & York with 20% respectively. In the UK that means of the total initial investment capital on creation of the private company 40% of those funds came from Focus (ie; you and I).
If we (Focus Inc) are paying in $1.5m, then the other owners Chui, Economo and York should also be putting £750k in each, but this is a private matter for them, there would be no requirement for disclosure in the Focus NR to us today. If that is the case and they are putting their own money in, then i would say it is correct that if Focus shareholders decide not to contribute, then our share in Grafoid would be lost.
But imo we (Focus shareholders) can only really benefit here if the company is floated, it is possible for shares of private companies to be sold privately ie; Focus could sell it's 40% share privately at a profit, but for us to benefit by holding actual shares it would need to become public. Then presumably the Focus Inc share holders would receive 40% of Grafoid, in proportion to the shares we hold in Focus. I sincerely hope this is the route Grafoid will take, i'd like to own a tiny part of Grafoid, that i could personally trade personally.
It strikes me that out of the holders of Grafoid, the 20% holders know all the ins and outs here, the BoD of Focus 40% know the ins and outs, but other owners of Focus ie; you and I know very little. We have to trust the BoD to look after our interests, remember the other Focus Metals BoD members hold Focus stock, as we do, but they have no direct interest in Grafoid. They can only also benefit from the 40%, as can we.
Regardless the BoD of Focus have a fiduciary duty to maximize the welfare of equity holders. Disclosure related to a private company is another matter all together, but i can see that we have to provide the $1.5m to keep our hand in the Grafoid/Graphene game here.