You need to read the whole thing... They're handing over KOAN shares and taking the EMGE assets. EMGE will no longer be a subsidiary, it'll be a shareholder. And the preferred shareholders are going to wind up with the lion's share of however much dead KOAN stock EMGE winds up with.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.