POFG acquires Amstar Shares (ie. all shares go under the ticker).
Amstar acquires 96% of POFG shares. (Basically handing the now publicly traded shares back to Amstar shareholders.)
80-1 reverse split to 20mm shares.
The unstated fact in the PR, which must be deduced from the reverse split, is that Amstar is handing 1.5 billion private shares over to POFG to go into the ticker.