Winning the next election outright might still be a stretch, but a showing strong enough to signal that the party was back in business had become a reasonableobjective.
However, when elements of a story come together in a certain way as to objectively point towards the reality of a situation, it ceases to be some conspiracy notion and moves into the realm of requiring reasonable, objective investigation.
The question of materiality, it is universally agreed, is an objective one, involving the significance of an omitted or misrepresented fact to a reasonable investor.