RE:Therma ownership on Covisafe development Therma owns 50% of Torion. Correct they do not own 100% of CoviSafe. They own 50%. Yes Torion takes over from here...HC approval etc. Yes they get 50% of revenue.
Rayman wrote:
Please some one clear me on following if you have better knowledge and understanding: As per NR it says Torion mandated to develop, market and will sell the Covisafe. Therma will control 50% of new company and 50% by others. How much ownership Therma has in Torion not clear. If it controls 50% means it could be owning 50% too unless we know. So, Therma no longer is the 100% owner of Covisafe? And Torion will develop and do the validation and will apply to HC ? Therefore, what I'm understanding is if after developing the test and obtaining approval Torion will sale the product in market. And if sales is $100m a year or 50% margin $50ml then Therma will will $25m net profit from Torion & other $25ml goes to other controllers or owners. Therma Bright share price will be based on Torion Quarterly sales revenue with possible 5 to 7x of Torion 50% revenue.