Another thing I forgot to add, warrants are usually given along with preffered stock purchases or bonds for free, especially ones that expire. Unless this judge is really bias(not in favor of common stockholders), he will definately give more to the current stockholders.
The POR's offer to the common stockholders of Avrnq(which still has more assets than liabilities) is really just a slap in the face. You have to remember that there probably are some stock holders who bought this for double digit prices.
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