How about:

Just a really attractive valuation even assuming this crappy deal gets approved. The combined entity should still be worth $500 million. This means that the current CMM shares (which make up 60% of the new company) should still be worth $300 million... or $0.60+

It sucks to have this merger, but it's not the end of the world... as long as Finskiy maximizes shareholder value once CMM mergers with WTG (which is not a certainty given his track record of shareholder destruction). There's a lot of risk here... but the reward is still very high.