Any "peeps" who do their DD will see the common stock WILL be cancelled under the bankruptcy plan, and WILL be worthless. The only thing the common stock will be good for shortly is as wallpaper
"All of the Company’s existing equity securities, including its shares of common stock and warrants, will be cancelled and extinguished without holders receiving any distribution."
The full bankruptcy plan has been accepted by the court, and it confirms the common stock will be cancelled without any payment to common shareholders.