Vik assumed NSAV could not pay, based on the amount of cash NSAV has in the bank. In lieu of cash, he would be willing to take Tiltons voting shares. That would give him the company. However, NSAV has billions in intangible assets, crypto tokens of dubious value. That said, the firm that prepared the quarterly report said $11 bil is the fair value of those assets. As I see it, there may be some problems converting them. But, in a worst case scenario, if Vik is awarded $57 mil. or whatever it is with interest, the TRO would be removed and the payout structured to pay him in installments. I do not think the judge wants to hand the company over to him. She has been talking about it being a debt that NSAV has to settle. I believe that will be what will transpire. The receiver will determine the fair value of the debt. NSAV's lawyer says it is less than $100K based on the value of the stock when they owed him shares. Vik reasons that if he had owned the shares as promised, then he could have sold them at their high of .1493. That is not how it works. NSAV's lawyer is correct. A debtor is owed what they owed at the time of the debt plus interest. That is all. Someone owed shares does not to get to own their voting stock in lieu payment of the debt. Vik's going to lose this. Vik is not going to settle before 30 days. He is delusional and won't listen to anyone. There is also this. NSAV's developers and employees are being paid by AWS. If necessary, they could pay the settlement and NSAV could have a structured repayment plan with them. This is not going to go Vik's way. No way. No how. For shareholders, it is just a matter of holding on and riding it out. This is entirely my take on it and my opinion. You may come to another opinion. Do not blame any losses on me.
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