Nice post BBals, as usual.
About this :
"In the end, the market cap on this stock will efficiently return to its fair market valuation when it exits bankrupcy and this valuation affects the split on that between us and creditors."
This is something I can totally agree with. I'm sure that even with the current state of affairs, we will have a rapidly increasing PPS (of the new shares then) if we exit Ch. 11. I remain confident that we will get our value, sooner if the EC gets its saying, or later in the other case, but we'll get what's coming to us.