Yup, commons are last in line and will be told "NO $ for you !" (Soup nazi voice).
"...Common shareholders get nothing...in almost all BK cases.
Since the debt here is about $200 million, all of the creditors would have to be paid off first, before common shareholders would get anything... ..."
"It is easier to fool someone, than to convince them they have been fooled."
For those that don't get it, it means that people need to be more careful, and do good due diligence.