Here, obviously your dog peed on your homework lesson and you need some help
Two things you need to understand:
a) Recapitialization RARELY means Reverse Split. A R/S is, however, almost guaranteed for ARSC
Recapitalization Definition
A change in a company's capital structure, such as an exchange of bonds for stock. Recapitalization is often undertaken with the aim of making the company's capital structure more stable, and sometimes to boost the company's stock price (for example, by issuing bonds and buying stock). Companies that do not want to become hostile takeover targets might undergo a recapitalization by taking on a very large amount of debt, and issuing substantial dividends to their shareholders (this makes the stock riskier, but the high dividends may still make them attractive to shareholders). Also, bankrupt companies often undertake a recapitalization as a part of their reorganization process.
debt taken on (in deal); substancial dividends (promised in deal) do I need to stick your nose in it?
b) IVOI NOT ARSC is in the drivers seat- frankie went begging to them for a deal, Mahoney knows he is their last resource and will milk every penny he can get- he's not a charity worker. Without this deal (which frankie has been trying to pull off since 2008), ARSC goes chapter as they are out of cash and shares to dilute. This is why trading goes the way it is- market knows the better deal
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