TRPH - no..reorgs - old shares are always cancelled with new shares set at a higher trading price - always the case in bankruptcy - here from the 8k
6.7. Cancellation of Instruments and Stock . On the Effective Date, other than the New Common Stock, (i) the Debentures, (ii) all Interests in the Debtor; (iii) any and all stock options (including, but not limited to, all stock options granted to the Debtor’s employees); (iv) any and all warrants; and (iv) any instrument evidencing or creating any indebtedness or obligation of the Debtor, except such instruments that are issued under the Plan, shall be cancelled and extinguished. Additionally, as of the Effective Date, all Interests in the Debtor, and any and all warrants, options, rights or interests with respect to equity interest in the Debtor that have been authorized to be issued but that have not been issued shall be deemed cancelled and extinguished without any further action of any party.
