Because something “remains in the name of” does not mean that entity OWNS it. As soon as you accept payment your ownership (per terms of contract) transfers to the status of terms of contract. As for the post about until GERS files an 8-k. When you get acquired you don’t file an 8-k... the purchaser does. KK signed the 8-k filed by ATIS. And lastly I can show you exactly what happened to KKs ownership tomorrow... his equity is the only value that is murky in this deal. He owns 100% of the holding company that owns JVco.
GERS shareholders own 20% of the 20% stake of JVco.. or 4% of JVco.
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