the cancelation of the stock is only if, after all buyout scenarios are unsuccessfully exhausted and/or leave nothing for the commons. you don't know if that is going to happen. The company does not decide its fate. A nk judge does that after weighing all the facts and circumstances surrounding the company's financial condition and business and ability to recover or be sold. stop trying to convince people that you know how this will end. I remember folks doing that years back with pier one, which was in debt up to their eyeballs. I owned that stock under .50 and sold because certain posters swore that commons were getting canceled. they didn't. the stock immediately ran to $5+ because the bk judge did not allow commons to get wiped out.
and you forget if a company offers to buy them out and that purchase amount extinguishes all debt, commons will survive. that is what people are gambling on. so, stop trying to disuade. it won't work. not your money. need not be concerned.
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