Greenshift Corporation (GERS)

[TMH0312]

This is the way I interpreted it.

Attis paid $28m for intellectual property from GERS. The IP was then placed into the Flux Carbon LLC (JVCo) and GERS paid off debt.

So if we assume Flux Carbon LLC (JVco) is its own independent entity, then Attis owns 80% of the earnings coming from Flux Carbon LLC (JVCo) and GreenShift owns 20%.

Other assets (like Advanced Lignin Biocomposits and Genarex FD LLC) that were acquired by Attis were placed into the JVCo aswell.

Total revenues at the times of acquisitions for JVCo added up to around $14,000,000 I believe. The Patent IP acquired from GreenShift was responsible for around half of those revenues and had a gross margin of 70%.


Anyone interpret the JVCo relationship different?