I don’t disagree with most of your statements. But INVT had existing agreements with FIG. SB purchasing FIG as an independent subsid did not unwind those preexisting contractually binding agreements. To your point, yes Apple must take SB seriously, but no more or no less then an independent FIG.
Right now the market is placing a .02 pps valuation on the future recovery from litigation as well as INVT’s management team. Has the market been wrong before, yes, and I hope it is again with regard to current activity.
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