It would work if you have 10,000 shares now and they say they are going to do a 1 to 1 offer. So they would give you 10,000 in the new company. The value will be determined once they emerge from BK and whatever NYSE or NASDAQ says its worth, that is if it is entered back into either of those.
If they decide that they don't want to give you as much and want to do a 2 to 1 offer, then for every 2 of your shares, you get only 1 share in the new stock. So your 10,000 shares would only be 5,000 in the new company stock.
so if we say it opens at $4 a share, then that's the value.
1 to 1 = 10,000 shares
10,000 x $4 = $40,000
2 to 1 = 5,000 shares
5,000 x $4 = $20,000
I have no clue what they will do, but that's how it would work IF they decide to do that. It may go from PCXCQ to PCXS or something else. Don't think it would go back to their old stock name. It could be something totally different
Of course, this is only from some things I've read. I could be WAY WRONG on all of it. I'm sure if I am, someone will correct me on the board
