Then yes, the $1.40 WTG price would remain where it is (or increase) and the CMM shareprice would float up to meet the ratio (0.4) giving you a $0.56 CMM shareprice as the merger becomes more certain.
The reason the WTG price should stay where it is (or head higher) - Finskiy controls at least 96% of WTG float - he's certainly not going to sell his shares. The few free trading shares of WTG that are available are the only thing that could drag it down if all were above board. Question - WHY would everyday joe sell there 4% collective holding when they are looking at the acquisition of 6 plus million ounces of gold. That would be really stupid to sell. SO yes, we should see at least a $0.56 shareprice...actually WTG should go up in anticipation of the deal going through...they would then actually hold value as shares.
Let's see what happens....