Maybe they dont need it, do you KNOW whats going on with the M3 JV?
Lets say they make just $10 from each M3 unit with ongoing Path-Way revenues? That can add up significantly
From announcements that have already been under ASICs microscope:
- The JV Agreement follows GICC’s success at securing a 36-month contract with the
United States government to manufacture and install up to 10 million of its M3®
systems to disinfect large buildings. Holista and the JV are not part of GICC’s US
contract.Holista and 51% owned by GICC. The JV will hold the rights to manufacture the
- A Singapore-based manufacturing JV will be formed, which will be 49% owned by
M3® system for markets outside North America.
- There will be minimal capital investment required by Holista as the JV will outsource all manufacturing as orders
are received
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- ASX - By Stock
- Ann: Response to ASIC Decision
Maybe they dont need it, do you KNOW whats going on with the M3...
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