Points taken, with the following comments.
Part of what they need to do, seems to me, is get the Terraforms values higher, so really that would benefit those investors. There's a litigation Trust, too, but not for shareholders - the ones who got hosed, as you pointed out, were pre-BK holders, and they have class action.
Not sure what commons are asking creditors to pay for anymore, because as far as I can tell, they are going to need to pay their own way. Creditors pay for an official committee indirectly, but that's not happening here. So they are on their own. So help me out and tell me what creditors are paying from here on - seems like they have nothing to lose with commons now.
I had a small position pre-BK which I held onto more because I ignored it. I am not a pro investor, just a retail (not that this absolves me of anything), plus I went on a long vacation in January '16 and then figured oh well, no point in selling by then, and hoped for a prepack BK. And then I added more post-BK just to try to recover some of my pre-BK losses, and because I actually believe that commons may not be wrong here - just under-represented and outgunned. Which seems to be on the verge of changing. And it's interesting!
No arguing that some have squeezed in at .05-.08 looking for a 10 bagger. Can't say that I blame them, though - if I didn't think there was really something here, I would not have averaged down either. Have to admit, setting aside individuals' moral compasses, shareholders seem to have been getting the shaft here, disproportionally. I think enough of them deserve better than that (not all, but enough), to make it a fair cause to root for.
