Monk, read this PR: <a href="http://finance.yahoo.com/news/Judge-approves-Republic-plan-apf-2300595721.html?x=0&.v=6" rel="nofollow" target="_blank">http://finance.yahoo.com/news/Judge-approves-Republic-plan-apf-2300595721.html?x=0&.v=6</a> The last line seems to speak volumes. It doesn't say that the old shares will be converted, it's says cancelled.