I am not too sure that day traders will be worried about a pop in the near future:
Take Over --------
I doubt any company would want to take over a company facing a $1B lawsuit - it would just be plain stupid.
Sale of Assets -----------
If investors knew that this money were to be used to reduce debt then it could increase the SP, as it stands the $300M garnered from CAF will pay for lawyers and a bit of the lawsuit if if the lawsuit is successful for the institutional investors backing it.
Institutional Investors -----------------
None of the large institutions that all ready hold or have held in the last 7 months will be buying anymore CNP, buying more whilst taking them simultaneously to court for financial mis-reporting again is plain stupid.
CNP Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Held
