"I can not agree with the below
It is worth mentioning that in a "wind down, restructure, release" scenario, all shares, including commons, would retain their value.
While the word release is encouraging we do not know what such a sentence means .... its too vague
I would agree that in a wind down restructure release - if organized by and or with the GOV --- common and preferred will both either survive and flourish or both will die"
Donotunderstand...in a wind down, restructure and release situation following a wind down, the existing shareholders would retain their share value (fluctuating with the market, of course) no matter what restructure or release is meant to mean.
Only where these actions are accompanied by a receivership or wind up would shareholders lose their share value.
There is no situation where a "wind down, restructure, release" would make shareholders lose their equity.