What is funny is that most shareholders have zero understanding of the US Bankruptcy laws - if the common and preferred shareholders are impaired - by law the common shares will be impaired/cancelled.
The secured creditors are negotiating a settlement - which means they are impaired.
But some it is better to live in pinky fantasyland and keep believing their shares are "safe".
Chapter 15 is about Jurisdiction so the US Bankruptcy Court has Jurisdiction and control of the bankruptcy.
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