RE:RE:Hm.Ulysse44 wrote: The way I read this is:
Datametrex expects to receive its proportionate share of the revenue after payment of JV Co.’s expenses.
So, 1.2M - 450000 (expenses covered by Lotte only accoring to terms of aggrement) = 750000$ of the pie to share.
Datametrex then get 112500$ (15%) as revenue (which turns out to be mostly profit.... !), since they provide only the tech.
Correct me if I am wrong, but this not bad for a company sitting at 0.04$ and strike a JV like that!
regards.
No one will be correcting you. Also anyone who has common sense will know it's only the beginning.
All the best NN