scotus probably wants commons diluted as well to add extra damages. did you notice how many questions they asked about how to remedy? reconcile that against what you think may happen.
Thanks so much for the thoughtful response. A quick follow-up question on the last point.
While I see your point on no cash cost to pref conversion, there would be a dilution cost for future common/capital raise (which would have an economic cost)? I'd think that new commons would only value including the potential dilution irrespective?