I think the most likely case is an offer from trust power or...

I think the most likely case is an offer from trust power or another suitor between $350m to $450m. Anything above $350m should be accepted.. the share price should bounce back to $2.80 and later, onto $3.15 should an offer of $350m be made and accepted.

That's basically the worst case scenario imo. Doubt anyone would offer anything below $350 as it will be knocked back. Find out highly unlikely that it would happen but if it does, then we go to CR and possibly T/O offers again..
Any further crash in the SP will be short-lived. So I doubt shorters would be foolish enough to short this below $2.0.