it boils down to getting about $1,500 and you get to take a capital loss of about $4000 now or get $100 later + the value of the stock which if not worthless, any decline in value would not be currently deductible. if worthless then it's $1500 now vs $100 later and the tax savings on the capital loss of about $4000 now vs $5400 later.
however, you have to consider the possibility that if you get stock in the restructuring, if it does well you could recoup the entire value though that's likely to be years in the future.
