Quote from: Estreamer on Today at 07:05:08 AM
I'd just like to add one observation to this discussion. Everyone has always said since the beginning of this case (especially Bopfan), that we'd know when it was over and getting settled because the preferreds would start running, especially the K's, which don't have ownership limits. To now see them do no such thing, and not think "Hey maybe the insiders as usual know what we don't know" is just naive, in my opinion. If there was a deal on the table that involved something better that what Rosen presented in court and the EC nodded to, P's wouldn't be priced at 4 cents a dollar. This case has wide visibility not, and other players in the industry would be buying everything in sight.
Sorry, that's just the reality of it from my perspective.
E -- I understand your point, but I don't think the potential settlement that weasel pants outlined is factored into the PPS. I think the market is pricing Equity as some sort of "mystery option" that will reach maturity upon news of V7 (or not), then we'll see what we've bought.