If investors have their existing shares reduced while the pps in the new merged company increases proportionally, then the aggregate value of each UNQT portfolio will stay the same, and nobody gains anything. The merged company, as you said, will pay for the opportunity to become a listed company rather quickly with an assumed clean platform. The amount that the merged company pays for this entry situation plus the amount that the present UNQT is undervalued will determine the base-line gain that will accrue each present UNQT portfolio. So we are not talking huge gains from the merger itself, or are we?