So what, they chose not subscribe to more shares in SYA? Aside from that you seem confused about account methods. You appear to suggest that SYA and PLL pay in as costs are incurred by SYQ. Of course that would be a farcical way to run a JV. SYQ is a professional organisation. The JV would anticipate it's needs and make semi-regular calls to the partners in advance of incurring costs while ensuring there is a prudent amount of additional cash available at all times.
No worries though, PLL kept it pretty simple with the cashflow statement and the note explaining they paid into SYQ.
Can't go claiming that was cash they paid for Ewoyya because that is a separate line item. Likewise Capex at Tennessee and Carolina.
US$28.217m cashflow into SYQ (the affiliate) for the 6 months to June 30th 2023. That's a decent chunk of change - SYA had to pay in 3 times that. Of course I will assume SYA paid their share into the JV as any sensible person would.
But you want to focus on other irrelevant items - basically anything but the cashflow statement which shows the funds went to SYQ.![]()
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