Current commoners may have a shot at small chunk of the Newco.
That is an assumption that may or may not be borne out in the proposal as it is now. Will common stockholders be given rights to purchase? That is a key question not answered with the available info provided. Also, be assured that there will be more than one new company.
It may not be a pump for the common, but yes, think of the junior preferred where Berkowitz and all the other hedge funds mentioned have invested their money. The commons can rise on that and so be wary.
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