I think the majority of the users there understand the reality of the situation, even if the public cheerleading is "my floor is 35M!".
Most of the ones I've spoken to 1:1 understand the ticker is not going to read $35M per share someday. The prevailing logic is that at some point, the DTCC or Fed is going to step in and either declare a fixed price per share settlement or a securities swap and settlement will be conducted off-market.
I think the majority of the users there understand the reality of the situation, even if the public cheerleading is "my floor is 35M!".
Most of the ones I've spoken to 1:1 understand the ticker is not going to read $35M per share someday. The prevailing logic is that at some point, the DTCC or Fed is going to step in and either declare a fixed price per share settlement or a securities swap and settlement will be conducted off-market.
This appears like the more likely outcome to me.