Always a mistake to confuse the "value" there is, the value that exists, with the "value" that is attached to a share...
Can show you PLENTY of other situations where the value that exists, postured as attached to a share, is really there only to sell shares, still intending that it will eventually be stolen by the management, after the investors pay for it.
This seems it is another of those too clear instances where the value was PRE-POSITIONED for delivering that result by having the SEC do it to you instead of them... based on the fiction of an excuse that they are only protecting you by having management enabled by the SEC in stealing the value from you...