Hi YK84,
it's easy to say 'kill the PLL OTA' but that is signed legal and commercial agreement with T&C's that will have mechanisms and remedies if either party wishes to exit. My understanding is that JV parties have to agree on decisions, regardless of the share ownership percentage. One party cannot railroad the other. Even if PLL were to go out of business, any entity that takes over the company assets will inherit any included agreemnts, including the PLL OTA. I believe we're stuck with the OTA, even though its terribly unfair to SYA, and re-negotiation would involve SYA compensating PLL which we do not really have funds for. Damned if we do and damned if we don't.
General Discussion Topics, page-127359
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