It's probably good advice for anyone to not "blindly buy" anything no matter who they are listening to. The facts are the following:
1: This company has filed a plan with bankruptcy court that states, bare minimum, the company plans to pay shareholders 0.13 per share. Since this plan pays off all creditors in full, there is no reason for them to reject it. So this is truly a bare minimum.
2: A Major shareholder has petitioned the court to provide representation to shareholders and claims that shareholders deserve 0.83 per share.
This is all from documents filed in court. It's all there on record for those who care to look.
As far as "Risky Speculation" goes, everything is a risk, but few investments have everything laid out as well as this does. If the equity committee gets approved, this is at least a quick double.
I think the fact that management has decided to give shareholders "a gift" of 0.13 indicates they should fairly be giving them much more.
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