The best part of this audio is the exchange between THJMFW and Adam (Weil gotcha). Adam says that accounting of DIME indicates booking liability as upon recovery debtor either would have to issue stock, or pay in cash or combination or spend cash to buy its own stock in the market. So there will be dilution of equity.
Judge interrupts and asks how would there be a dilution of equity value, since on the assets side equivalent to increase in shares there woud be recovery. So while the shares count may increase, the overall value of equity should be unchanged and prices should not go down.
Adam answeres I mean that the market makes that correction in anticipation. Judge says I agree with you on that point.