To answer your last question, the shares are cancelled. Not even an empty shell. Which is why I said earlier, "I'm not sure what this is." That it wasn't even an empty shell. That it was a "lesser of something". That's why I said earlier, nobody is buying Transbotics, right? Scotts bought Transbotics.
It was a zombie ticker after the ex-dividend date, which is the only way I can think to describe it. There is no definition. In fact, all definitions surround this stock were categories, not true to their surface or implied meaning -- Confusion. I like it though. This better than dividend capturing. I hope to see something like this before the ex-div date. Maybe one of those many non-reporting, buyer-beware stocks that have potential to be bought this way one day in the future.
This is why you need to look for alignment of interests. It's a case where a beneficiary need only not speak up. Just let the facts run the course and his prey be confused. Very, very interesting. Like a Venus Fly Trap.