So looks like shareholders will just have their shares cancelled. No monetary value?
Summary of Plan
The following is a summary of the material terms of the Plan, as confirmed by the Bankruptcy Court. The summary is qualified in its entirety by reference to the Plan, a copy of which is attached hereto as Exhibit 2.1. Capitalized terms used but not defined herein have the meanings given to them in the Plan.
The Effective Date of the Plan will be the day that each of the following conditions have been satisfied or waived: (a) all actions, documents, and agreements necessary to implement the Plan and all transactions described in the Plan shall have been effected or executed, as applicable and (b) the Confirmation Order shall not have been stayed.
The Plan is a liquidating plan that provides, among other things, for the liquidation of the Debtors' remaining assets by a Plan Administrator and for the satisfaction of all Allowed Claims. All existing Equity Interests in the Company will be canceled and extinguished and holders thereof will receive no distributions under the Plan.
The Plan Administrator will reduce the assets of the Debtors to cash and distribute the cash first in full payment of any and all Allowed Administrative Claims, Allowed Professional Compensation Claims and Priority Tax Claims. The remaining balance of Estate Property will be distributed in accordance with the terms of the Plan. Each of the Debtors will be dissolved after liquidation is complete