Quicksilver Inc. (fka ZQKSQ)

[1manband]

What value will the stock become if the judge refuses the "plan"?

Zero. The Company is insolvent. If they reject the plan (which will not happen, as the vast majority of the secured debt holders are in favor of the plan), the assets will be liquidated. Their value is no where near the amount of debt the company has, which means common shareholders are even less likely to benefit in that situation.

Any way you look at it, common shareholders get NOTHING. But then again, they had nothing before - Quiksilver had negative shareholders' equity. Shareholders owned nothing before the bankruptcy, and own nothing afterwards.