iVoice, Inc.(fka IVOI)

[JustAnotherPenny]

(d) Effect of Merger.

(vi) IVOI Common Shares. Each IVOI Common Share issued and outstanding at and as of the Effective Time will remain issued and outstanding. SOURCE 14C REVISED

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KEY WORD IS (AT AND AS OF EFFECTIVE TIME). AFTER THIS IT WILL BE A R/S OF COMMON SHARES OF IVOI AND 1M HYDRA PREFERRED STAYS THE SAME AND CAN BE EXCHANGED FOR 150 OR SHARES OF COMMON SHARES. DEPENDING ON R/S RATIO ARSC DIVY HOLDERS WILL OWN MOST OF IVOI.

WHY WOULD FRANK AND BOB GIVE UP THE PRODUCT TO ONLY HAVE SMALL PORTION OF COMPANY THEY RUN. MAHONEY NEEDS ARSC'S SUBSIDARY MORE THAN ARSC NEEDS IVOI (WHICH HAS NO PRODUCT JUST BILLS PER 14C)

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more evidence of what is to come:

Hydra Merger Partner IVOI Starts Countdown With SEC Filing

HOUSTON, Jun 7, 2011 (GlobeNewswire via COMTEX) -- American Security Resources Corporation (Pink sheets:ARSC) today provided a preliminary timeline for the merger of Hydra Fuel Cell Corporation with iVoice, Inc.(Pink Sheets:IVOI).
Frank Neukomm, CEO of ARSC, stated, "With the filing of their information statement with the SEC late last week, IVOI has started the clock for the merger with Hydra. There is a minimum 10 day waiting period at the SEC followed by a 30 day period dictated by IVOI's by-laws. At the end of that period the merger can complete as soon as Hydra completes its financial audits for the years 2009 and 2010. Our auditors are working on those now."

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. We expect that the value of Hydra is such that its initial trading range could be between $0.08 and $0.16 per share."