1) With the Indian Government Owned Companies holding 51% ownership and thus voting rights, what assurances does ECT have that the future Commercial Royalty Rate for ECT technologies will be at a Fair and profitable rate to ECT?
As in, what is stopping the 51% ownership voting for the Royalty rate to be extremely low, so as to give the Indian Steel Industry that additional cost competitive edge? This would significantly boost the Indian Steel Market and benefit the Indian Economy, whilst ECT get 49% of basically nothing.
2) Additionally, with the R&D Plant being Royalty free, but requiring ECT to provide 49% of the running costs, what measures are in place to prevent the Venture running at a large loss for 5 years, sapping ECT funds to the point where ECT is now in a very weak bargaining position for future commercial term discussions?
@ECT_Rep1) With the Indian Government Owned Companies holding...
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