.6c now is equivalent to 20c post consolidation, I think you are...

.6c now is equivalent to 20c post consolidation, I think you are correct. Plus buying now will incur transaction costs. As a Cascade shareholder I want to see this transaction proceed and so would rather see anyone considering backing this deal participate in the CR @ 20c but obviously I am talking my own book here.
As you rightly point out if sp drops folk will lose money, its risk V reward and one must form a view on the assets and the ability to add value.
I am not twisting arms here just hoping for discussion on the deal