Saturday, March 07, 2020 1:50:31 PM
Once the IP is transferred to the JVCO, GERS owns 20% of it.
Until then GERS owns it all.
GERS owns 20% of the JVCO and Attis 80%
We (the common shareholders) own 20% of GERS and KK owns 80% of GERS.
So GERS owns 20% of the original 100% of the IP, ATTIS owns 80%. And we, the common shareholders own 20% of that 20%.
That's off course if all conditions to transfer the IP are met.
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