so let me see if I get this correct (using my Trenchers as an example)...
I have a squad of 8 Trenchers, that has a Sgt, an HMG, and 6 Troopers...
the squad has sustained 3 casualties (Sgt, HMG, 3 Troopers)...
on the HMG's activation, he can use an action to Form Fireteam, making him a single model for activation purposes, and the original squad does NOT have to test for panic for being at half strength because a casualty did not lower them to half strength. From now on, if the main squad loses one more model, it would have to test for panic, but this would not affect the HMG.
B...