Thursday, June 20, 2019 4:53:16 PM
I agree that the capital buffer is probably a bridge too far to qualify under a %th Amendment issue. However...
The issue of the warrants may be a different matter. If they are cancelled or rescinded: no problem. If they are exercised and sold before any SPO: probably no problem. But...
If the warrants are held for conversion until after the SPO... I'm not so sure that reasoning holds up as well. In such case it appears that the SPO would be used to enhance public use wkithout compensation. That, to me,could easily support the claim if a taking under Constitutional grounds.
Just one more reason to hate the warrants.
JMO.
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