And like I said, it's the passing of assets and liabilities from one hand to the other. It's not a difficult concept to understand unless one reads or tries to put spin on it.
If ARTS gets to a point where their shares are worth little due to a R/S (which if you remember was what started this thread) and they have to rely on the subsidiary for financing, what happens to the ARTS shareholders who hold ARTS and not subsidiary shares? If in that situation ARTS cannot sell their shares, then the shareholders won't be able to either.
Just saying, since the discussion of a R/S was started.