"There is no way to know what the current company is worth."
So how then did the companies (HAPA and Merchant) come up with a price ($ and shares), did they spin a wheel or something?
And with "no way to know what (its) worth" You still ramp that it will be worth MORE soon????
You truly have a strange way approaching investing and value. Have you done ANY research on HAPA, do you even know what they are doing now, or what they plan to do in '18?
You are a very strange boy.