Isn't July 5 before dilution so your not comparing market caps, I think you need to drop that price by $1.10 for market cap comparison, still valid point that we area at a lower market cap but it was 18.72 a week before the 23.91 and 2 weeks later was in the 18's.
I agree, but one has to concede that going to trial is a negative outcome. The odds-weighted expectation on July 5, 2019 would have been for a settlement.