The initial ownership arrangement called for Matagawa to inject $1.4 million into the venture by way of shareholder advances and to receive 60 percent of the company’s capital stock. Howere, at such time as Welland was to repay the advances, the principals, Hooper,Clermon and Liedtke, Would own 60 percent of the equity (on a 30:15:15) and Matagawa would revert to a 40 percent position.