Hear AtLast Holdings Inc (HRAL)

[amadeus]

shares outstanding can be returned/cancelled if they're not in the public float. have seen that happen many times when a shell is being purchased and a block of shares is owned by a particular entity for control purposes that never entered the public float.

so in the event that may be the case
the way it would work is shares get returned and cancelled.
and preferred shares are issued to another entity for change of control purposes. if the preferreds are used for a controlling interest, they don't
necessarily have to be issued and create dilution, if the primary purpose
was to use preferreds for a voting/controlling interest.
have no clue or info if that is what they plan to do here or not.
just awaiting filings at this point that spell things out
as to what they plan to do with this...