Is it really that unlikely? The strongest asset YLO shareholders have right now is time. If bondholders want to gain control of the company so they can steer it in the right direction and salvage as much as possible ASAP, they will fork over something to shareholders in soem form, either through a direct buyout and taking the company private (easier and more effective, though probably more costsly) or do a share recapitalization with current shareholders getting somewhere between 2-5% (takes longer to do).
Otherwise they can wait to try to squeeze out shareholders in 2014 but who knows what state the company will be in by then.