Those that are buying may ultimately own a tiny fraction of the recapitalized company IF the present common shares are not cancelled completely in a BK reorg. Otherwise, who knows how many shares the new capital provider will get for the initial $60 million investment. If they are valued at 1 cent each, they would get billions of shares (or practically speaking they would get that equivalent, but after a reverse split of a great magnitude). So current shareholders won't have a chance to profit. Thinking this stock will go to 40 cents seems crazy in my opinion.