“From my recollection, Attis doesn't own any shares in GERS, just Flux Carbon.”
You’re correct, but Flux JVCo is the owner of GERS for 80 percent as I recall, and Attis now holds 80 percent of that JVCo
I never have seen a mention of Attis being part of that JVCo.
GERS is the seller, so it seems gers is seen as the owner of the JVCo To me then buying part of Attis still seems like buying part of the company owning you.
I must admit, I don’t know how these JVCo construction normally work.