<why would they do that they have a boatload of cash>
The cash is earmarked. Here is the most pessimistic scenario... It will end up in the hands of who gave it to them. There will be some JV that ALTI will eventually default on and the technology will be gone for free. The optimists will say the cash will build a new factory and orders will pour in and everybody will get rich. We'll see which it is, but beware if you see all the cash go into a Chinese JV. Wanxiang is doing the very same thing with HEVV now. Giving them a $40M loan that must be used in their JV. No way HEVV can keep current on their obligations to the JV and Wanxiang will eventually have the technology for free.
The message board had been pretty dead until then. What I had been doing in reality was warn people on that board about the dubious deals HEVV had been making for as long as I can remember. And yet, the institutions all chose to invest in HEVV, a company destined to fail.
YTE could have stolen the technology but instead they invested $57.5M in Altair because they have big plans and don't want to get into patent fights 5 years down the road. They will want to see a return on that investment. A WFOE is exactly what it says - Wholly owned, meaning that every penny that goes into it, is owned, by Altair shareholders. And yet people are scared sh-less, another one of my predictions come true.
The Dutch is laughing, again.
Of course the problem is what it has always been as long as I have been a shareholder of this sad company. The company is sending all the wrong signals. And it seems to be getting worse since that loser Copeland was fired. What do you expect... these people are Chinese. CHINKS (insult intended) do not have a clue about the soft side of managing a business. Pathetic losers.