RCPIQ IS worthless. BY LAW, Chapter 7 does not permit a company to "come back". It is automatic liquidation. Shareholders here are guaranteed to get nothing.
Hertz was Chapter 11. It is working toward reorganization, but it in no way "made shareholders whole". The stock was at $20 before the bankruptcy, and the $8 bankruptcy valuation is not exactly correct. Much of that value is in warrants and/or stock rights, neither of which are guaranteed. The actual value is much lower, which is why the stock is trading far below the $8 valuation.
Yes, there are a lot of ignorant investors that don't know a damn thing about bankruptcy. If they don't bother to take 60 seconds and learn the basics, then they are doomed to lose their money.
Anyone who doesn't do their research in RCPIQ deserve what they get. Nothing.
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