I only bought in to gog a short while ago and am obviously...

I only bought in to gog a short while ago and am obviously pleased with the recent price appreciation.
BUT
There are a couple of things that trouble me about this proposed merger.

1. The proposed merged entity will have approx 1.6 billion shares on issue and as such seems a very likely candidate for a post merger reconstruction. It has been my experience that this is almost always a sure fire way to KILL a stock.

2. Management structure of merged entity. The proposed board is MASSIVE and to be quite honest i have doubts about either groups ability to successfully run an O & G entity of that size.

3. The DLS proposal seems to be an act of desperation. Something doesnt quite add up for me. Why raise all that cash just to pay down a small, easily manageable debt ? Surely they could have used those funds more wisely ?

4. Proposed merger relies heavily on support of BPT and another large group of holders (so i'm told) who between them hold over 40% of GOG. How will they vote ?

I'm just not sure how this will play out. Personally am hoping to see a better offer.

Does anyone share my concerns