Ann: FBR & BKW extend Shareholders Agreement negotiation period, page-203

Gents, i have been thinking alot about this JV.

FBR have more to lose from this JV than BKW. (in my opinion). I think that IF this JV doesnt go ahead, its because FBR are playing hard ball. I believe that BKW needs FBR for increased revenue.

Feel free to cooy, paste and edit my list below to paint a clearer picture.

FBR
Positives
- Initial investment from BKW and sole brick supplier

Cons
- Restricted to the use of just BKW bricks
- Lessened profits fron WaaS due to profit share with BKW


BKW
Positives
- Hadrians restricted to BKW bricks for any work in Aus.
- Increased revenue fron WaaS
- Increased exposure to BKW once Hadrian blows up the media

Cons
- Initial investment cost for further Hadrian development is probably the only negative.