General Discussion, page-270

I know it isa 49-51 but that doesnt help ttt shareholders. Any company can be structured so no profit is made. so 49% of NIL is NIL.
There could be a lot of activity and parts made and TTT gets very little. The parts could be sold to a related repkon entity leaving little profit in the JV.
I would have thought that they would have a fixed % of an agreed formulae, otherwise TTT have no idea what they will take away.
If no cash is distributed to TTT how do the shareholders benefit. The business may grow and declare no profit for years. They need to be more transparent.