It's amazing ... you restate things that you think are correct, and you don't revisit them. Yes, you THOUGHT you covered the scenarios pretty clearly, but ... I amd pretty sure you are not a lawyer, are you? You know your accounting, but have you gone over it the way a lawyer would. What do you think the lawyer would say of your $0 scenario?
At $500 an hour for a decent guy at a good law firm, you can't be more than a few thousand away from some valuable info.