Noble share price will tank into the abyss after the debt-to-equity swap restructuring.

https://finance.yahoo.com/news/noble-group-moves-toward-debt-171154045.html

Noble's market capitalization is around $190m but its debt is $3.5B.  A majority of that debt has to be converted into equity for Noble to survive. Therefore, Noble's share price will tank into the abyss and Noble will announce a stock consolidation after the debt-to-equity swap to avoid the "penny" stock status.

Noble's debt of $3.5b is about 18.4x of its market capitalization of $190m and it is selling its golden goose assets.  In the end, it has no positive income-generating businesses left.

Will the creditors accept such a restructuring plan knowing that Noble has no more golden goose assets?