This is what comes with AGS giving all their Manageemnt rights away in the initial J/V agreement,as has been posted about.
Every decision going to a vote is decided by voting rights of
Q/H 75%
AGS 25%
Unfortunately unless AGS can get a Court to rule in their favour re the return of the entire asset then its going to be very difficult going forward for the J/V Partner to be kept in check imo
The 25% atm probably equates to 10-20% judging by the ethics of the J/V Partner's track record.In my opinion only.
I suppose its, atm, be thankful for small mercies.!
Good luck to us all.
Md
AGS Price at posting:
29.5¢ Sentiment: None Disclosure: Held
