The issue between Ablation Tech and BLR (if there is one) would be related to BLR running out of money and unable to continue to finance it. The terms of the Joint Venture has BLR financing A/T through to commercialisation where the first income is then used to repay BLR's investment before becoming a 50/50 split. I don't recall being told what the conditions of dissolving the JV would be.
On a side note Cait11, no contracts have been signed with GoviEx. They simply used the concept of having Ablation in their business model as part of financing and permit planning.
As above, any income from A/T goes to BLR first, and then splits 50/50.
BLR Price at posting:
0.4¢ Sentiment: None Disclosure: Held
