Rand Logistics Inc fka RLOGQ

[onkel_axel]

On the Effective Date, 10% of the new common stock of the reorganized Company (on a fully diluted basis) issued under the Plan shall be reserved for issuance of equity or equity-based awards in connection with an equity incentive program for management and directors (the “Equity Incentive Program”). The terms of the Equity Incentive Program shall be determined by the board of directors of the reorganized Company and any awards thereunder shall be determined by the board of directions of the reorganized Company in its sole discretion.

So at least the executives get their fair share of the new company.
Those who brought the company down

Also this:

All Existing Common Shares will be cancelled and will not receive any distribution. The holders of Existing Common Shares will be impaired and deemed to reject the Plan and thus not entitled to vote