If they would have filed chapter 7 Bankruptcy, I would have been 100% in agreement with you. However, they filed Chapter 11 Bankruptcy which keeps the Share structure intact. If they wanted to destroy the current shareholders, they would have filed for Chapter 7 Bankruptcy which would have wiped the stock out as well.
Even if they do nothing our OS is 119 million shares. For a shell alone this will be worth pennies at very minimum. With the Bankruptcy behind them they will be debt free and this will be very clean going forward.
I too would be very happy with $1, but if we make it to $1 then we are most likely going much higher than that.
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