I agree. Post merger, the OS could be anything. But it is what is now. And that's all we have to go on.
Who's kidding who? This is penny world. And when/if the merger is PR'd as going through, it's going to spike and then retrace. After a while, it will eventually correct itself accordingly. People who are in it now are planning on the spike and will trade accordingly.
Personally, I couldn't care less what the post merger OS is going to be. I'm interested in what happens if this merger happens. After that, I imagine I'll have a block of shares still riding to see what happens.