It looks like the market expected the JV to be at least 50-50 or a split in FYIs favor. Instead FYI got 35% of the JV. That or something else in the ann wasn't to the FYI holders liking... I can't say that I know enough to say if it is a motivated tour to the basement or not.
From Ecograf's POV though it looks like the HPA agreement is now with a joint venture which is 65% controlled by Alcoa. Alcoa is a major aluminum producer and FYI is still a small cap. I am not sure if that is better worse or netural in Ecograf's POV though.
EGR Price at posting:
68.3¢ Sentiment: Buy Disclosure: Held
