HFCO acquired 100% of the common stock of Hydra in exchange for a convertible preferred share issued to ARSC. The preferred share is convertible into an amount equal to 100.2% of the then outstanding common stock of HFCO at the time of conversion, which is at the sole discretion of ARSC
102% of 3 billion. Looks like the ARSC dividend will more like 650 for 1, IF they decide to actually follow through
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