good luck with it and as a now idle observer I certainly don’t have the time or inclination to reach out to mgt,not that I think that would answer my question without being given a copy of the contract.
my point is simply that the guidance offered does not in any way deal to all the detailed aspects of the clauses seperation or contract even if one of the two options becomes true.
For example how do you know there is not a clause which states “at the point of any change in beneficial owners you the JV, or entry or exit of either party all subscriptions revenue earned by either party to that point will remain theirs in perpetuity and be unaffected by the change. All new revenue from that point will come under the new terms of ownership”
if the observation of some is they did a poor job of negotiating the JV proportionate revenue clauses relative to roadposts weighting % wise I think it’s a fair assumption roadposts lawyers at the commencement of the venture will have insisted on some level of clauses in their favour in the event of a possible breakdown in relations. Otherwise beam could have always planned to take over.
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good luck with it and as a now idle observer I certainly don’t...
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