No that is not what it says.
Immediately following the Petition Date, The Comapny will undertake BEST EFFORTS TO ENSURE ALL STEPS ARE TAKEN,BLAH BLAH BLAH BLAH BLAH
Go back and reread everything a few more times, I think you are spinning things a little bit.
Note holders control the company right now, they can do whatever they want.
CHOOOOCHOOOOOO
Buy and Sell at your own Risk, Everything I post is based on my opinion only.