RE:SHARES
My understanding is:
Zaff have 56.1% of the shares of GBL . They will put their 56.1% in MBAC in exchange of a ratio of 2.5 for 1.
They actually have 79% of the share of MBAC because the took the most of MBAC debt. With their GBL shares transfered in MBAC they will have a total share to 93% of MBAC.