This entire line of reasoning has been debunked multiple times.
This is a cross-border case underneath the CCAA (Companies' Creditors Arrangement Act) via Canadian courts as the primary case, with the ancillary case being a U.S. Chapter 15 (not U.S. Chapter 7 or 11).
Therefore, any conclusions derived from erroneous premises are fantasy.
It is Canadian laws that need to be cited to support conclusions. Those who think shares will be cancelled have cited zero laws from any country, let alone Canada.
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