Does the equity holder in Power Finance deemed to have decision-making ability?

Multiple Choice

• No because the outside investor will provide $16 million in exchange for a 100 percent nonvoting equity interest in Power Finance.

• No because Twin Peaks does not have power to direct Power Finances activities.

• Yes because the outside investor will provide $16 million in exchange for a 100 percent voting equity interest in Power Finance.

• Yes because Twin Peaks has the power to direct Power Finances activities.