Yes, Global Geophysical Services Inc. has emerged from bankruptcy, however the common shares were cancelled as a condition for Secured stakeholders / Secured lenders to approve the PLAN. Likely new shares will be established but shareholders of the formerly bankrupt company have no equity stake in the new equity.
For comparisons to learn about cancelled equity and the establishment of new equity you could study the KODAK case.
Message board for the former, cancelled KODAK equity:
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