it kinda looks that way... but im not convinced its inevitable. vfin sitting on the bid at 3 is a give away that the lenders havent sold all their shares yet. if they sell them for less than 3 even with their discount they take a hit.
if FS decides to draw down on that s-1 again anytime soon 0001 is def gonna hit. if he lets it lay until production news, were still sitting around 5-6 B o/s, we may see a jump. depends on news.
of course its a double edged sword in a way... if he draws on it while vfin is holding it at 3, the lenders will be forced to keep it above that while they sell the shares...
again, hoping non of that happens, and that production news hits first