In the original second hearing there was a back and forth about (paraphrase) "shareholders being replaced by new ones" but through green eyes I think we all missed the reality of what was being said.
RI means nothing. You appreciate share price = value of the company divided by the number of shares right? So if this got back to the glory days company value. That would make each slice of the company post RI 15p.
For stocks in play that is pretty typical. Keep in mind the whales don't sit there. Their systems use sophisticated algos to load or dump as efficiently as possible.