Letting the common shares trade
Until the reorganization plan is confirmed, and the 8 or 10 day time for appeals has passed, the common shares are still one of the classes in the order of priority. There is always a possibility that the common shares might end up with something, even warrants that will probably never be worth anything of real value.
Once the plan is confirmed by the court and the to to appeal passes, then the shares will probably be wiped out and stopped trading. I have seen this happen in the middle of a trading day a few times.
Louis J. Desy Jr.
News 
Market Data 
Discover 
