Basically, a guy with a character in the U'K's executor corp - UK are a holder of space (alot of it) in "New" Providence - realises he has the most active char in the holding corp that holds shares.
Being annoyed with whatever, he approaches the little Welsh foul mouth that runs genos & Hydra Reloaded, Garmon with the idea. I'll kick the corps and give you the alliance/transfer stations and sov to you" garmon loves it and it happened today. 5% share holding in the executor corp got the alliance fucked over

Apparently Hydra are in this to recreate the old provi - lots of roamers and so on (Not necessarily including CVA), not the "new" provi that -A- & U'K created when they steam rolled CVA. And from what Ive heard on IRC and on various fora, its working. Lots of headless chickens running around, shit loads of people roaming.
Personally I wish them well, but the mechanic that allowed it is yet another messed up thing, still its amusing in some ways.
http://dl.eve-files.com/media/1007/UK.pdf