It means nothing for commons. Commons are being wiped out 100% with 100% probability. There is zero chance.
Best to accept that.
The bonds trading at 3 cents on the dollar should be enough evidence. If not the judge saying it is "hopeless" for equity holders should be enough.
Baggies cling to worthless MORs where the "accounting" shows equity but most of that is intercompany balances at cost. The CRO laid this out in testimony this week and noted they are billions in the hole no matter what.
There is ZERO chance and anyone who tries to convince you otherwise is delusional or lying. Or both.
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