Bristow Group Inc (VTOL)

[hondaboost]

Based on the Reorg. plan, the current Commons will be Wiped out and new shares will be issued:

"Under the terms of the approved Plan, at emergence the Company will receive $535 million of new capital from a majority of Bristow's secured and unsecured noteholders: (i) $385 million through an equity rights offering, and (ii) Bristow's $150 million debtor-in-possession loan, which was funded in August 2019 and will convert into new equity of the reorganized Company at emergence. "

That's Why the current common shares are being pouring out in any levels, because they're going to Zero shortly.

Disaster!