for reason 1, your already wrong, as it looks like pxg is going to trade EXACTLY per the evn deal, for the last few days there was a gap, I was worried too, when I worked out for eg. that pxg should be trading at 14.5c but It was only 13.5c, people said there will be a gap, now pxg should be trading at 15c according to the evn deal, and guess what, its actually trading at 15c. funny that.