Wednesday, September 13, 2023 10:04:36 PM
Nuts....
First off Tim Howard really doesn't care about these companies or any of its shareholders.
Doing this would spur so many more lawsuits and another 10 years of discovery.... heck they can't even calculate interest ... (which btw should be at 10%)
The very best thing the government could do is void the warrants and return the capital taken above the redemption of the sps.
This would put Billions back on the company books.
Put the shares back on NYSE
Then... the share values recover value and they could announce a secondary offering at real value.
What does this accomplish... alot.
Then at fair value government get 20-40% income taxes state, local, federal and a boost to the economy.
Government also saves some face and it still gets to regulate.
....
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