For anyone who thinks HAYZ is kidding I urge them to read the Chapter 11 BK Laws .
In most instances the current common equity is deemed
' burdensome ' to the Re-organization Plan which invariably means NEW common equity .
Secured creditors are always first in line and they ALWAYS want / demand NEW common equity to secure their re-organized loans , in addition to all other security they already have .
Only a BK Judge can cancel any Registrant Security's classes of equity stock , and only when a PLAN has been submitted and approved by all parties involved in the BK .
So , until the Judge's gavel drops the stock will continue to trade .
In my studied opinion ....
Renee
To bite the worm of incite is to bite the HOOK of the antagonist . They win .