Completely agree, the discount is because investors can see AVL...

Completely agree, the discount is because investors can see AVL trading at say 1.6c or lower post merger completion, once 3.5 billion more shares are issued. 1.6c at 14 to 1 is about where TMT is trading now. Personally I do think AVL will initially trade lower on lots and lots of selling but once the tree is shaken and those shareholders have departed I also think we will see a series of very positive announcements in Q1 which will send the share price much higher than todays price. Time will tell!