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Dutch1

12/11/19 8:21 AM

#50098 RE: Sirjohns #50097

That's probably why it confused me LOL
I was more or less trying to sum the facts up, and not drawing too many conclusions from it, beside trying to translate what it means.
Just trying to get the facts straight as how it is published.
Doing so, it raised a few questions for me, one of them was how the previous ownership of 20% of the IP, is converted to the ownership of IP in the new situation.

You answered that one ;-):

GERS shareholders own 20% of the 20% stake of JVco.. or 4% of JVco.