II, I think if Tric and co is 'running' the reorganization at this point--a common cancellation would be what they want--if that was in the plan. Also Tepper would be their candidate--thus follow the team plan.. unlikely to change his mind.
If the Debtor has (finally) a 'negotiating partner' I think this is their chance to make sure equity is in the POR.
>>>edit: of course if a new company entered the negotiations, that could change things..
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