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Saturday, June 12, 2021 8:48:45 AM
the strategy of asking for less, instead of more, is brilliant.
You remind me @Guido, who says that not challenging the Warrant today and wait until it's exercised, is also the correct strategy of the plaintiffs. Notwithstanding that the truth is that the plaintiffs are trading the warrant for a good deal, like a swap JPS for common stocks. Future litigation is pointless because, although the damage was initially done in 2008 through today, because FnF report earnings on a diluted basis, if it's exercised, the damage is irreparable. I can imagine judge Lamberth taking the case and ordering a status report scheduled for the year 2040, even though the UST would have finished selling off its 79.9% stake on the market 10 years before. Lol
The plaintiffs that you call "in the money" are JPS holders, not FnF shareholders, and the hedge funds are behind them. If there's a common shareholder, like the hacker Liotta that joined Collins in this case in Scotus, it's because he is a dummy plaintiff. They have other interests: the JPS aren't affected by the SPS, the warrant and stock offerings, this is why they aren't challenging many things and it isn't part of a litigation strategy as you try to portray here to fool us.
12 years of dividend suspended in the JPS is devastating. This is why they are acting recklessly in Court. It turns out that the coverup of the law and the abuse of court process, are felonies.
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