I hope this is the beginning of the end for this man made disaster that results in the courts forcing their brothers / sisters in federal guberment to do the right thing and restore these two to their rightful owners.
If that happens and they disgorge the ill gotten gains and fruits of the poison tree .. the warrants... then fair value can be restored.
This could easily be $150 a common share or more.
question is do you wait for full value or do you sell along the way?
If we jump to $10 a share and stall... do you bail? or what $35?? do you sell out some... or do you hold it all to $150???
I've listened to it twice. I think the judges know their ruling in Seila Law was garbage; they understand the cascade of crap that could come down the litigation pipeline based on directors of various agencies being unremovable. I think they will issue a declaratory judgment, not because our remedy is hard to provide, but simply because it sets a bad precedent for cherry-picking agency actions.
I think they have a much better chance of siding with us on APA claims. Seems like they understand that what happened was effective nationalization, and therefore ultra vires.