A Takings claim araises when the Govt takes private property for public use without a just compensation. A warrant, under SEC rules, makes the Treasury become beneficial owner of 79.9% Common Stock in FnF at $0.00001ps. That's a Takings claim by the shareholders that are diluted in the company. The SEC is telling you that we don't need to wait until the warrant is exercised to declare a Takings case. The stocks discount that scenario and the price plummets. The attempt to conceal the economic injury inflicted to the shareholders and the legal effect that a warrant has, is fruitless.