Vanguard Natural Resources Inc. (fka VNRRQ)

[k9racer]

This will be my first company in bankruptcy (that I own commons). Am I reading the POR correctly in that the commons will be cancelled and in exchange we will be issued warrants. I called the Vanguard restructuring number and all they can tell me is to read the POR. They will not answer any specific question nor will they confirm or deny my interpretation. Are you guys/gals all holding in hopes of good warrant terms? ie: purchase price/ expiry date etc. Its seems if this plan gets voted down, the common may get nothing? Or, are you hoping for a revised POR with better terms?
Not sure why some people think the stock will pop. Unless the terms are very favorable and makes the stock/warrant valuation much higher? Just looking for other opinions/expertise.

Thanks.