WorldSpace Inc fka WRSPQ

[NY73]

The creditors were willing to sell the assets for a paltry $28M and the deal fell through because Samara was scrambling and couldn't come up with the $. I guess it is telling us that Malone probably paid around the same to purchase the debt, so now he's the sole large creditor. What's his next move? I can't see why he would leave common shares intact. Why share the pie with unsecured 'owners'? No benefit to Malone. And, because it is usually the practice to wipeout shareholders in Chapter 11, doubt the court will block such a move by Malone. IMHO. Since I hold shares, I wish I could see another option here, but I don't. Anyone have opinion on this?