It is merger and acquisition.
Nothing is merged or acquired:
3) Capital infusion to fund marketing efforts is solved by allowing for a majority vote of BTS holders to vote to create and sell shares for funding purposes
IOW: throw on the printing press and spend the resulting notes on marketing. That's pump&dump par excellence.
3) Capital infusion to fund marketing efforts is solved by allowing for a majority vote of BTS holders to vote to create and sell shares for funding purposes
That only means it would be a majority-approved pump&dump.
The problem here is that the (market) value of the DAC is not so much driven by the services it offers, but by marketing. It is easy to convince a majority with the promise of a tenfold increase in market value in combination with e. g. 10% dilution. In the long run this will destroy the DAC, though, because there is no substance in it for supporting the (temporarily) higher market value.