On different occasions Tom explained.
1. Poet will sell to the JV at close to cost.
2. The JV will become the profit centre at circa 50% margin..
As the JV is a registered company in it's own right super photonics I presume it will need to produce it's own financial reports.
The 250m revenue I believe is only a forecast of what it will paid by superphonics only and not a reflection of market penetration.
I continue to wonder how and when the directors of JV will care to distribute its profits 48% back to Poet.