Thanks for a great analysis Glorieux. Your analysis is pretty much exactly what flashed through my mind the minute I heard of the possibility of a NOT/FWR merger. You say that the merger will put NOT up to a share price of $10.00. I had $6.00 to $10.00 flashing in my brain. With that in mind I held firmly onto my NOT and threw every last nickel (no pun intended) I had into FWR at .38. For me this merger is a no-brainer. The BoD is earing its pay (at last).