The only way shareholders get wiped out in a Chapter 11 is if the reorganization plan includes something along those lines.
However GTAT(Q) has already expressed to current shareholders that they're going to refocus and do what they can to ensure the PPS goes back up "Although it may not happen instantly" obviously I'm paraphrasing that last bit, I know it was something along those lines.
Them showing concern for even the people who are usually last in line in a liquidation to me shows they're not wiping out anything. Especially since they're not going to go further into Chapter 7.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.