SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Thermo Tech Technologies (TTRIF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Poweruser who wrote (3717)3/20/1998 1:59:00 AM
From: Robert Pool  Read Replies (1) of 6467
 
Financing and JV made simple.

I had a long and informative conversation with Mr.Branconnier. The reason for my call was to get clarification as to the JV and how it was structured. It is actually quite simple. Mr. Branconnier explained the structuring among other things, quite clearly and I will try to put it in type.

A new company call Ontario Thermo Inc. was formed to house the joint venture. This company would in turn own 100% of Power Grow Systems Inc. which will own 100% of Niagara Bio Inc. which will be the Owner of the License for the Technology. The same basic structure applies to Ontario Thermo Inc., Northwood and Oshawa Bio Inc. the latter being the owner of the license.
The financing which he said was almost complete will be split between Niagara Bio Inc. $16 mil and Oshawa Bio Inc. $16 mil.
The exchange I suspect between TT and Ontario Disposal will be 50% of the JV (Licenses - $1.6 mil) for land and a 50% chuck of the profit. Remember land is already permitted for this use, a big time saver for TT as well as the costs related.
Financing is to be secured by a put & pay and a take and pay 12 year agreement which guaranties the supply and the sale of the end product. These two agreement makes the debt financing a possibility. Ontario Disposal he said, was instrumental in arranging the financing.

I hope this makes some sense, please let me know if you need more info, I will try to supply.

Robert Pool
Still holding TPP
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News