Still a green dot in my book HKonelegger!
The above posters are pretty much right. Companies that usually emerge from bankruptcy usually give their past shareholders the new stock; however, there's no guarantee that you will get 1:1 for all your shares held (as PDLM stated) or your shares will continue to be what they are currently worth. It all depends on how many shares they issue and what the markets perceive the intrinsic value to be in the end. The question is, what do you perceive their value to be and do you feel it's worth all the risk?