NO Steady, there are all sorts of financial reorganizations and financing deals that can occur. This particular one actually considers ALL shareholders and protects them and bondholders, whereas most in pass simply do not.
I remember GM's Fed bailout and all those shareholders wiped out then and Obama didn't care (He protected higher-up Insiders who bought him his Presidency)... Then there was CIT's "pre-packaged BK" which I was investor in and they wiped out all preferred & common then. There are many others. United Airlines, K-Mart, et. al.
But just as Friday proved, anything can or will occur, as I am sure many shortsellers were getting margin calls from brokerages as Millions of shares are being bought up. Unelss something changes now with what was already established in the business reorg, there will be far fewer shares left with , much higher PPS as I see it, so 6% of the new share breakout is nothing to sneeze at, when the share amount will be greatly reduced as will be the float itself...
But deals change all the time, and again, look at what happened Friday with 36 million shares surprising everyone. During premarket friday, many thought this was going to "0"...
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