If you ignore the raise and examine only the terms of the JV, it is money for jam for LWP
They throw in their manufacturing plant, $1M and expertise and we provide the technology
The JV is 60:40 and we keep 10% of gross proceeds
They must see some promise to give up majority control of their plant and first cream of revneue before costs
If you ignore the raise and examine only the terms of the JV, it...
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