Because the only ones who benefit from this move are the employees - they keep working (if the company can get financing, which is risky, at best).
Or maybe he meant that by not shutting down the company, there's still a market for the stock, even at a reduced price.
In all seriousness though, when a company that's been headed for bankruptcy for years files, you should take anything they say with a grain of salt. They're going to put as happy a face on it as they can, to reduce panic dumping and encourage someone to step in to keep the company alive.
They're not "secretly signalling" that the stock is going to go back up because of some great plan they have. They're trying to save their asses as best they can.
I receive NO compensation to post ANYTHING. I AM NOT short this stock.
"The world is a dangerous place, not because of those who do evil,but because of those who look on and do nothing". Albert
Einstein