I might be incorrect here, but I think that the preferred shares are estimated to receive between 1% - 5% of face value. If that is true, then the creditors are most likely getting paid 100%. If we are treated as creditors, then it stands to reason that we would get 100%.
This is, of course, flawed logic, if the creditors have taken a "haircut" to throw a bone to equity.
My working assumption has been that the creditors are greedy, though.
Market Data 
Markets 
AI
