Completely wrong. The shares will be cancelled upon the effective date of the bankruptcy plan, which usually happens about two weeks after the plan is confirmed. The plan will be confirmed on 4/20/2017. Look at the docket -- that is when the plan confirmation hearing is now that the DoJ has approved the settlement with the partner airlines.
I don't understand why people don't sell. You own something that will be worth absolutely zero in 17 days and you can still sell it for $0.17.
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