Just to be clear, I don't disagree that the stock could jump a great deal; stock prices often have nothing to do with what a company's fair value is. My only point is that the company most likely has a fair value of zero, and that you won't want to be left holding it when selling is no longer possible.
What I do think is crazy is assuming the company will have any significant value for shareholders when all is said and done. In the meantime, it's Vegas - 100% crap shoot.