They are trying to sell this deal based on how much money Finiskiy brings to the table. If he has that much money he can inject it into CMM to get it up to full production if he has to. Why would he walk away from his investment in CMM?
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He can't.
This merge has nothing to do with Finsky and CMM. It has to do with Finsky and White Tiger and those boat loads of locked up WTG shares coming on the free market in June. That's when those $4 WTG shares are gonna stand up to the fire of the TSX exchange. He had to do something to shore up the market cap. Everyone knows his 20K oz mine in Russia isn't worth $400M.
As for the $4M bridge loan bankrupting CMM: that's like saying you got to foreclose on your house because you can't make the visa payment.
This management insults our intelligence.