Wopster,

It was only a few weeks ago before the attack on CMM's share price that Century had a market cap of $310 million on its own. Even if WTG added ZERO value to the combined companies, you would think that the new WTG post-merger would be worth $310 million.

The new company would have approximately 278 million shares (408,000,000 x 0.4 + 115,000,000).

At a $310 million market cap, WTG post-merger would trade at $1.12. The value of your CMM shares would now be worth 0.4 of a WTG share or about 45 cents.

Remember that is assigning ZERO value for WTG - they do have a bit of cash and a few dubious assets in Russia.