Nac Mac Feegle
wee & free
- Jun 10, 2011
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He means that a partnership agreement would govern the business relationship. This isn’t a publicly traded company - you’d have to think of it more like a JV. Control would be determined by the terms of the contract. Very likely that the minority partner would have consent rights to all business decisions even if the majority partner (Melnyk) retained a larger share of the venture’s profits.
This all assumes that Melnyk would be willing to give such a consent right away, of course.
That's the sticker. With how we've seen Eugene act over the last decade, does anyone really believe that guy would give up any amount of control?