Excellent analysis UF. Tillman sold this company in 2006 for $192 million. He is going to buy it back for $55 million, and turn it back into a $200+ million company in months.
Except you're forgetting the $200m in debt, much of which remains.
Whatever happens going forward is unlikely to be good for the common shareholders, whose stock will be cancelled, most assuredly, as happens in most all bankruptcy cases.