3. Hrct is still the listed company and ZD the controlling shareholder..After the three year period, Hrct spins off ZD to it's own listing..Hrct having been able to finance it's further acquisition with all the assets provided by ZD and the acquisitions Hrct is getting..Or there is a reverse merge and Hrct is spun off...
Either way there seems to be a lot of possibilities ..Might as well wait for the proxy..Jmho