That is not correct. The Common stock will be cancelled and shareholders get nothing. Only the debt holders will get stock, and the unsecured debt holders get $12.5 million to replace hundreds of millions of dollars of existing debt. Pennies on the dollar. Since they don't get 100% of their claims paid, the common shareholders get.........NOTHING.
It is all right there in the Bankruptcy Court Documents. I think you need to read them again.