GNC Holdings Inc. (fka GNCIQ)

[sharing4u]

News out that Harbin and GNC cancelled the conversion contract of 299950 preferred shares to common and preferred was cancelled.

I lost faith in both companies and sold my gnciq position at a loss/lost.
I am not sure if I overreacted.
The share price is dropping and I expect it will be down to 5-6 cents prior to plan confirmation on 10-14-2020.

This board is too quiet now.
Question:
1. Is Harbin still holding 42% of gnciq ? Public info did not mention Harbin sold all gnciq.

2. Any more hope that Harbin will reinstate former GNC equity beneficiary interests?

Any help is appreciated.