"HOUSTON, Mar 16, 2011 (GlobeNewswire via COMTEX) -- American Security Resources Corporation (OTCBB:ARSC) today provided preliminary calculations of the ratio of the Hydra spinoff to ARSC shareholders in a special dividend.
Frank Neukomm, CEO of ARSC, stated, "After a number of calls from shareholders requesting additional details, we have done some preliminary calculations of the value of the spinoff to our shareholders of the stock of Hydra Fuel Cell Corporation."
Neukomm continued, "After a recapitalization of iVoice (Pink Sheets:IVOI) and a name change to Hydra Fuel Cell Corp., we expect that the dividend will be approximately 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 will be between $0.08 and $0.16 per share."
So this morning there are 89,080,713 on the .0001 ask that someone could buy for $8,908 plus trading fees. Acording to the last PR, the Hydra Fuel dividend would be 593,871 shares. let's say the trading value is mid way between ARSC's projected low and high numbers, or, $0.12
The dividend is worth $71,265 to the investor, plus still has original 89+M shares of ARSC. So $9K gets a little over $62,000 profit. Why no takers?
Where are the believers?
Market Data 
Markets 
AI
