Once a company reorganizes and comes out of bankruptcy successfully, the Q stock ticker is retired and the company starts trading under a new symbol, usually on one of the big boards. If the company is found to have assets that exceed debt, the shareholders will get shares in the new company. Sometimes the shares will remain intact (one old for one new), or more often they will be diluted somewhat since debt holders may agree to an equity swap (which dilutes shares).
In a majority of cases, the old shares become completely worthless because debt swamps assets.
One reason why this company's stock and bonds have made the moves that it has is because there is an excellent chance that in the end assets will be greater than debt, and the shares will remain intact, either in whole or in part. As is often the case, company BK lawyers are likely to give much more consideration to the creditors, in order to preserve vendor relationships. Which is why shareholders are pushing hard to assure that an equity committee is approved to preserve our interests. It's a tug of war game, but I like our chances. Check past posts on this board for more information.
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