I will address that. I personally know Alan Carr, the so-called 'expert' just appointed to the board. I met him when we served on an equity committee together. Not only is he a POS snake in the grass, he's a clown. He tried to steal (using insider status) what was rightfully equity's share of a billion dollar re-organization. I have the emails to prove it.
I can tell you what is going to happen. I would be willing to bet that Carr approached Lampert, and they have concocted the illusion that they are really going to re-org the company, but what they are really going to do is sell off the only valuable portions of the company with bankruptcy 363 sales (sell to themselves), and the worthless crap will be liquidated and bond holders will take it straight in the rear. Commons? You've got to be kidding me. No way, no how, not ever will they see a penny.
Alan's mobile # = 917-968-7474
Good luck.