Sometime after 10 AM and before 4 PM on Thursday, the Judge will bang his gavel and this stock will no longer exist and those holding it will get NOTHING in return (see below for a direct statement from the plan of reorganization.)
5.9 Class 6: GT Inc. Equity Interests
(a) Classification: Class 6 shall consist of the GT Inc. Equity Interests.
(b) Treatment: On the Effective Date, all GT Inc. Equity Interests shall be extinguished, cancelled, and discharged, and the holders of any GT Inc. Equity Interests shall not be entitled to, and shall not receive or retain, any property or Distribution on account of such Equity Interests under the Plan.
(c) Impairment and Voting: Class 6 is Impaired by the Plan. Each holder of the GT Inc. Equity Interests is deemed to reject the Plan and is not entitled to vote to accept or reject the Plan.
You don't understand what is happening. You say " and the presiding judge wants a committee for shareholders now." That is NOT TRUE...the presiding judge is (as he must do) holding a hearing about an equity committee. This happens in every BK and is just administrative. It is NOT that he WANTS a committee. You are trying to con people to hype up the price of the stock so you can get rid of your bagholding position.
Not sure who you are talking to, but since you are reading this board, please know that there were some late changes made to the Joint Plan of Reorganization, but none of those changes will have any impact on the current common stock, which will be cancelled when the judge confirms. Was supposed to be Friday, but was carried over to Saturday (although that gave all a chance for another fine dinner at Cotton!!). Could be any day coming up, but you can be 100% sure that when the judge bangs the gavel the common stock will be best used for wallpaper (probably in your bathroom!).
The street smells arrogant Ackman blood and will push hard on VRX (down), HLF (up) and his investors will want their money as he is destroying value rapidly through his ego-driven plays. Watch out if you are a holder of Restaurant Brands...that could be his next "piggy-bank" trade.
All of the above is my opinion based on what I have read.