American Security Resources Corp. (ARSC)

[WinkieBBS]

Neukomm continued, "At the time of the merger, ARSC will have majority voting control of IVOI. It will be recapitalized and the name changed to Hydra Fuel Cell Corp., after which we will dividend the Hydra shares to ARSC's shareholders at an expected ratio of one (1) share of new Hydra stock for each 150 current shares of ARSC.

So, the way I read it, IVOI will be recapitalized and THEN the name changed to HYDRA, and THEN the divvy's will be provided to the ARSC shareholders. The IVOI shareholders will get 1 to 1 of whatever is left of IVOI after the r/s. IF this is the way it will be going, they will not be happy campers.