I would think that an unlikely share price run-up to anywhere near a dollar would signal a strong "sell" point trigger. I just re-reviewed the BK and pending breakup of A123 Systems, symbol AONE, who is in the process of a fire-sale of pieces, bit by bit, with JCI appearing to have snagged the biggest, best chunk. I think there a clues implied by this same-sector bankruptcy, as with the Valence proceedings.
The creditor's committee court proceeding will not likely provide any clue's to the future of shareholder's rights or interests. That will probably be months in the offing, waiting until such time as the restructuring officer just engaged has time to put together an overall plan. Then the plan must get board approval, be submitted to the court, offer stakeholders a chance to respond and then, finally get approved by the judge in some form as an approved plan.
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