RE:Bad DealSo you are not a CEX shareholder? What is your interest here? The legal issues will have been assessed by CEX/DCK legal counsel and by counsel of the syndicate doing the bought deal. It would have been looked at from every angle (DEI liability insurance coverage etc.). That will be boxed in and detailed in the merger circular for shareholders to decide. The fairness opinion on the merger will also be covered there. As pointed out by another poster there are lots of positives here. Lower G & A and production under one roof right away. The main benefit here is that Kicking Horse will own 75% of the Kakwa production/land plus many other Montney land positions (some Kakwa). With 75% Kicking Horse ownership there is now a better probability of a take out by a Tourmaline, Paramount or even 7 Gen to name a few. It is a big boy game up there. However, first things first. The main negative is that the market corrected prior to the bought deal financing (would have been better in the mid 40's). It looks worse because it appears DCK was trading undervalued. It is also disappointing that Contact management had previously stated in their presentation they would be self funding by the summer of 2014. Apparently not!!!! I am looking forward to see where that money is going. And what of Questerre...they appear to have lost some leverage with a 25% minority interest (they benefited from an influence perspective with fractured ownership before). My guess is they will be next combine. Not really our problem as Kicking Horse will be firmly driving the bus. Any Questerre disapproval of operations will be merely duly noted (but thanks for coming out).