Anyone in the legal profession knows that there is a "flip side" to the argument about common stock valuation.
The simple response is the commons trade close to zero right up until the time they take off upwards.
The decision is all about the assets and liabilities as the BK judge sees them.
If all the prose was written in present tense it would have to make more sense.
Proposing that something in the future is inevitable is fallacy. Especially since the BK judge has latitude within the law.
This is where our collective experience in BK judgment will yield us good plays and great returns. We will know, statistically speaking, which way judges usually rule on these matters. This is my hope.
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