What may be going on
I think people are confused as to what the plan being confirmed means. I have seen this happen before where there is a press release, and the retail market thinks that 'now the company is saved', when the truth is that the stock is still on track for being cancelled.
Some people, usually retail investors, think that once a reorg plan is completed, believe the company now is the same (existing common shares remain) but now free of all of the liabilities. They miss the part where they are told in the 8K reports that the common shares are being canceled.
Louis J. Desy Jr.
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