You are correct, the restructure agreement will be the best thing that has happened to the company in years but at the same time, will be the worst thing that will happen to the common shareholder because it will give the company the ability to do a reverse down the road. Giving this company the benefit can be a very bad thing, just ask all the shareholders that have gotten burnt listening to their lies and BS.
Also, remember that every share you buy, puts money into the hands of the scumbags at NIR. A good rule of thumb, never touch anything associated with NIR!