The conman Pagliara has never proposed that the UST could sell its warrant to third parties. Primarily because it's illegal, as a Warrant covenant stipulates that the UST can't "assign" the warrant to other person.
He simply calls on UST to exercise the warrant to get a $100 billion windfall, so that the hedge funds can buy those common stocks at rigged prices and as a sweetened offer to the UST, to appease any reluctance to comply with the Mob's plan of stock offerings and a swap JPS for Commons.
It isn't a bait. It's an outright attempt to rip off the shareholders by someone that set up an Association of Shareholders.
He was allowed by the Mob to hold commons as a compensation for his service and as alibi, so that he can be portrayed by people like you, as shareholder friendly.
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