Company currently has $145 million market cap with $100 million in cash on balance sheet (6-30-14) suggesting enterprise is valued at just $45 million before the decision. The decision, if upheld, would more than wipe out the cash leaving enterprise value at best. As a result, I would think in worst portion of sell off, stock will go below $1.
My range is $0.85-$1.50, with close near $1. With 4.4 million shares short, if I'm right on the price, I think you may be right on the volume. I can't see many shorts keeping position open if stock is hammered down to a $1.