That was just short covering. It's toast.
I will be surprised if it holds zero zero four five.
At least the court didn't dilute it. It could become a good shell play. BK will clean up the debt, and some promoter volunteered to pick up the pieces and make press releases. If the promoter has enough money, you might see a secondary (or a private) with a new name right after they close the Chap 11.
Who knows? He might figure out how to run a dog and pony show, and it will be off to the races.
"Eddie Bauer" would be a great name for a stock in such a show. Too bad they don't own it ,IMO. The "New improved Eddie Bauer" with super duper whitening power owns the name, according to their web site,