Should the stock run to $1 would the POR be disallowed???
How do they justify a stock running up and the change to valuation? I think the banks are running scared on this one??? This stock could overturn the apple cart. Meaning there are lots of forces against this stock because it could bury them. How strong are the shareholders on AMBAC? Are the debt holders interested in more money than what they will get from the POR? Greed will win out on this? Judges change things all the time? Will the debt holders make some calls? Announcement reminder makes me think that calls are coming in? Everyone wants more money right?
Large stake holders will squeeze in up to the limit and smaller hedge funds will take smaller stakes...Some rotation to lower cost in perhaps but the largest stakes possible are the goal...Watching these stakes pop up undoubtedly makes the cc nervous...News will drive the stock forward...Commons will take back their company from the TBTF BNY Mellon Bank and Law Debenture. At $3.33 cents with $1.00 Billion Dollars of Value Asserted ABK will force the Value back to Share holders...Ed Hosinger Has stated the Value at $6.50 pps and under a Growth curve ABK is worth far more...So the market will take ABK Back Closer to .$6 rather then buy back in at $45 pps in a follow on secondary...NOLs will not allow ownership forward for 5 years.