Ignite Restaurant Group Inc (fka IRGTQ)

[rbtree]

That article says nothing about the common shares, of course, but does include the link to the Chapter 11 plan, the same one which I linked to, which states, on page 29-30, that the common shares will be cancelled.

Nothing has changed. They will be cancelled. Leaving a slew of bagholders, ones not savvy enough to sell out first.