The current trader consensus reflects the active status of the April 2026 North Carolina indictment charging James Comey with threatening the president and transmitting a threat in interstate commerce, tied to his 2025 Instagram post of seashells arranged as “86 47.” A federal judge has set arraignment for September 30 and trial for October 21, with defense motions due July 28, after a lead prosecutor change in late May and denial of amicus briefs in mid-June. The Department of Justice has shown no signs of withdrawal, and prior dismissals without prejudice from late 2025 did not halt renewed grand jury action. These procedural milestones and continued prosecutorial focus make any resolution by July 31 improbable under the existing timeline and institutional momentum.