why i expect SP will be $3-4 in 4 monthswage subsidy is 75% if revenue loss in more than 30%. Indio has 5700 employees. Assuming the average salary is $2500 x 3 month=7500x total 5700=$42m. Assuming 50% subsidy, = $21m for this Q. supposed indigo achieve 100% revenue of last year, therefore no subsidy. Then last year SP was $5-6 this time. No matter what happens, this is win-win bet.
scenario 1, slight loss or make-even in earning, SP will be $3s
2, slight profit, SP will be $4s