You are full of BS. Not all company stocks are cancelled during a bankruptcy. Take for example GGP aka General Growth Properties which filed for chapter 11 bankruptcy for reason due to the lack of debt financing and not due to liquidity. As a result, GGP shareholders share were not cancelled and resumed trading once the company emerged.
Idiots like ismashshorts111, have agendas. They are usually traders who shorted a stock and now realize that table has turned in a positive light for investors with a long position. You see, the higher the PPS climbs the more money he will have to pay to cover his massive short position.