Nothing other than a simple calculation and some previous experience with previous very similar circumstances. An educated guess for sure!
I think it's possible, not probable, that old common holders will get junk bonds- maybe $1000 face value for every 6000 shares. Better than nothing.
turtle sandwich-how did you know?
Again, none of this means there will be no new stock-only that the old stock is worthless-we have to wait for the court.
Maybe- that's what some of us are waiting to find out.
This doesn't mean old shareholders don't get any new stock.
They will eventually be the same, the only reason the price is different is the dividend recently declared is different.