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Thread: Shares of Delta Air Lines Stock or DAL: The Definitive Thread
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Old Jun 16, 2006 | 5:01 pm
  #366  
DiverDave
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Originally Posted by tgtg
When they reorg...the stock will become worth precisely $0.

Beats me why the SEC allows a stock to trade while the company is in BK. When it comes out, the company is stolen from the owners and given to the creditors...and I thought BK was to protect the company from being seized by the creditors...more big business games.
Your first statement is quite correct.

I don't agree with your second statement, but I can't imagine for the life of me why the current stock is trading at anything greater than zero.

David
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