Republic Airways Holdings Inc fka RJETQ

[junkmanlong1]

They have been telling you from the time they filed bankruptcy that the common would be cancelled.

This statement means common cancelled. Equity interests is common shareholders.
"We do not expect any recovery for holders of equity interests."

https://www.sec.gov/Archives/edgar/data/1159154/000115915416000222/ex991monthlyoperatingrepor.htm

The Debtors have not yet filed a plan of reorganization with the Bankruptcy Court; although we have the exclusive right to file a Chapter 11 plan and solicit acceptances of such plan through and including December 31, 2016 and March 1, 2017, respectively. The Company intends to file the plan prior to December 31, 2016. The ultimate plan of reorganization, which must be approved by the Bankruptcy Court, could materially change the amounts and classifications in the historical condensed consolidated financial statements. The Company's preliminary valuation analysis indicates a partial recovery for holders of unsecured claims. We do not expect any recovery for holders of equity interests.