Grant, Thanks for the informative post. That does clear things up. I thought we'd still own usse and onyi, and they would still trade under two seperate entities. If and when this merger takes place, I might just sell some of the combined company to put some into sstp. Does that sound logical? I think both sstp and usse/onyi will sort of run hand in hand. I'd hate to be out of sstp if it had a good run. I also believe that when the merger is done, i might be a bit overextended in onyi/usse, as i received a large dividend from jmcp in the form of onyi shares. thanks again. bob