is my aunty really my uncle?, page-3

Val

My interpretation of the IP issue is that:-

1) LINC owns SOLELY any IP it has brought to the joint venture.
2) Any IP developed by the JV is owned by the JV but linc has the EXCLUSIVE rights to using it OUTSIDE CHINA.

I think this means that GCL has payed $120 Mil to "rent" the IP as opposed to ACQUIRE it. basically GCL has access to it during the life of the JV all over CHINA.

While to some it may seem LNC could have got a better deal i think it is unlikely to do so in a place like china which has major issues with foreign ownership. If we COMPLETELY IGNORE the money in question for this SPECIFIC deal, don't long term holders think it is heartening that a company as big as GCL values rental of our current IP just within CHINA at 120mil? This is WITHOUT a single extracted ounce of gas/diesel?

C'mon bashers - this is nothing but good (IF IT GETS SIGNED - which i think is the only point the bashers actually have in their favour)