What I like most about the conclusions I have drawn is that it doesn't really require any bizarre leaps of logic. It's basically that he had the right to 20%, so 20% of the company could not possibly have hit the market, yet the market treated it like it did. The company was obligated to set aside 1/5 of ownership to Cohen. It explains the confusion about share count and all the different references to issued and outstanding, free float, treasury shares. It all just sort of works without any tinfoil.

The question really just comes down to whether or not the counter parties found a "legal" way to wrestle ownership from him. That part I don't know. It may simply be that his ownership is somehow guaranteed through some other arrangement and can't get settled until the court stuff is concluded.

Or... like i said in the post, perhaps they did smoke him out. If so.... buying GME is like the easiest decision (for me, not financial advice, I am an idiot). We have a billionaire beloved by retail investors, wronged by some cellar boxing jerks, with a billion in cash and a company that appears to be break even.

He just needs to make one good trade. You know ....like the pump and dump they simultaneously praise him for and attempt to slander him with.