Ann: Beam to receive circa $4.1M above upcoming sale of Zoleo JV, page-8

The sale of the royalties and residuals has zero leverage impact on the independent valuation of the JV entity shares.

In many ways this helps set a floor for the calculation of the value of the option (right of the controller of Zoleo Inc) to buy USA royalties and what the 30% of ex distributor regional royalties (ie. 30% of USA regional revenues that are retained in Zoleo Inc) are worth.

You could argue the lower the multiple is on what AU royalties are stipulated by the JV agreement to buy out at, makes the option of the US region (which is like 10-12x higher nominal value) even more valuable as an asset contained within the JV entity, ie. Makes those shares more valuable to the acquiring party.

So far this is at least a positive development that RP will close this deal without battling it out in courts wasting everyone’s money. RP just hired a new CEO and his post on LinkedIn stated he is looking forward to post acquisition of Zoleo Inc.

The value should be fair and the process should be straightforward, those are both good things.