But strategically, this makes sense.
Whether or not the examiner was paid off, the report is still going to make a lot of people pull out and drive the price down.
How many times has a stock's price been driven down right before a huge uptick? Let's put ourselves in the shoes of JPM. They don't want to pay out a large amount of money to the holders of the preferred shares, especially if they're going to up significantly.
Driving down the price is a strategic move because if they are expecting a large amount of money to be paid out (all of the preferred shares they don't control) then they will want to buy up as much preferred stock as they can at a lower price before the PPS goes way up.
I've got high hopes for this. If all of us shareholders get the boot the publicity of this thing and how shady it all was, especially after all this time, will go through the roof.
