actually "no brain" is what comes to my mind when looking at this naive fallacy.
The company had to take on a huge debt load for the acquisition so the enterprise value is much higher than the current market cap. Currently nobody knows (obviously not even the CEO nor the CFO) how the combined company will fare going forward. Investors and analysts have no chance to model the new company going forward which bodes poorly for the stock price as the next quarter (not to speak of the fiscal year) essentially is a black box here.
Would expect cautious analyst commentary tomorrow and the stock to continue its slide
well...now for the FACTS....the first question in the CC was precisely "HOW DO YOU SEE THE NEWLY FORMED COMPANY GOING FORWARD"....at the time of the first question the stock was priced down to 1.05......by the time the CEO answered the question in great detail and explaining to POTENTIAL POWERHOUSE the new entity will be, the stock was PRICED at 1.11....so if you didnt understand the answer that is one thing, BUT TO SAY THEY DIDNT ADDRESS THE COMBINED SYNERGIES GOING FORWARD IS A LIE!