Sorry, but the $80+ million figure IS completely accurate.
That amount has been accepted by the Court and is the amount that must be repaid or satisfied in full before the common shareholders have any hope of seeing anything.
And since PwC has stated over and over and over that only a tiny portion of that existing $80 million will be repaid from the proceeds of the asset liquidations, there is zero chance the common shareholders will survive.
The common shares will be cancelled. That is how bankruptcy works.
The excerpt I posted was from the 10th monitor's report, and is current. Y'know, the 10th monitor's report, the one the monitor prepared to address all this "shares are safe" nonsense? They directly summarized the remaining debt and obligations that would have to be paid before shareholders would get a penny, then stated that shareholders get nothing?
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