How this episode will play out depends on how much the market...

How this episode will play out depends on how much the market improves or deteriorate from hereon. Can't helpbut ponder a number of scenarios.

At the end of the day, it comes down to selling on market or miss out on the reward of possible a $3 sp on market or risk being trapped by a TH when they hit 90%. We get $1.5 and a messy tax formula.

Again, the risk is the 90% is reached when the sp doesn't get the chance to run up to anywhere near $3.

If the market improves, other stocks sp will also go up blunting any benefit of a higher on market BRM sp.

The worst case scenario is WNI comes out with a substantial holder statement of 88%+ and continue to trash the sp while other stocks rebound.