FoF - goes way beyond the bare minimum of pspa amendment, cap rule and consent decree.
It also goes against Calabria’s continual statement that the companies will be responsible for raising capital.
I don’t see a merge, nor do I see warrants going into Treasury coffers Biden controls.
I think there is only time for the bare minimum and frankly I think Calabria is fine with how the courts rule and Biden requesting him to step down in June.
Calabria will get great gigs at other think tanks with higher pay.
If Trump wants Calabria in his role for as long as possible then we may be looking at significant tax credits as part of a settlement for derivative claims and direct claims could be dropped as the plaintiffs could easily buy commons and profit off the settlement and leave JPS twisting in the wind.
Calabria basically stays on until his term runs out, or close to it as a Biden challenge to the single director for cause question will take time to run through the courts.
Good luck!
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