"For allowed claims, the Bankruptcy Code establishes a hierarchy for payments that takes account of contract rights, state law, and bankruptcy principles. Those at the front of the line – secured and priority creditors – have a decent chance of at least partial recovery. Those at the very end -- equity holders -- rarely receive anything."
The Monitor stated the Equity Interest doesn't have any value - plus the secured and unsecured creditors are impaired so the common shares will be cancelled.
IG
"Are you gonna pull those pistols or whistle Dixie?"