delta stock?

[jetnut]

Delta Stock is down to $.75 a share. Does anyone know where they stand and will this stock be wiped out? is it worth inverting a hundred bucks into or is it just a loss. thanks

 

[Hutchman]

Delta Stock is down to $.75 a share. Does anyone know where they stand and will this stock be wiped out? is it worth inverting a hundred bucks into or is it just a loss. thanks

There is a 99.999% chance the stock will be ZERO upon thier emergence from bk.

 

[Spinn555]

Jetnut-

I'm assuming that you don't know too much about "Pink Sheets", do you?

 

[Oh-ryan]

Spin and Hutch... why don't you guys do us a favor and cancel your memberships to flightinfo. Your posts provided absolutely no help to Jetnut. All you have done is proven your arrogance to anyone else trying to gleen information from this thread.

Now Hutch, your post may be correct but the manner in which you provided it seems sarcastic and belittling. Feel free to flame me if you want... I have a thick skin, but all you will be doing is proving my point.

Now back to the thread. While it's quite obvious that guys like Spin and Hutch have their MBAs and don't need anyone else's advice, there are a few of us out there that are interested in Jetnut's originial question. Anyone?

 

[Hair-on-Fire]

Jetnut-

I'm assuming that you don't know too much about "Pink Sheets", do you?

Just because you have pink sheets on your bed doesn't mean we all need to know about it.

 

[TWA Dude]

Upon emergence from Chap 11 new stock will be issued and the current stock will be worthless. Buying current Delta stock on the pink sheets is pure speculcation.

 

[Hutchman]

Spin and Hutch... why don't you guys do us a favor and cancel your memberships to flightinfo. Your posts provided absolutely no help to Jetnut. All you have done is proven your arrogance to anyone else trying to gleen information from this thread.

Now Hutch, your post may be correct but the manner in which you provided it seems sarcastic and belittling. Feel free to flame me if you want... I have a thick skin, but all you will be doing is proving my point.

Now back to the thread. While it's quite obvious that guys like Spin and Hutch have their MBAs and don't need anyone else's advice, there are a few of us out there that are interested in Jetnut's originial question. Anyone?

I have no Idea where you got sarcastic and belittling out of my post. Please ask the UAL, US Air, and TWA guys how much they got for thier stock assuming they held on till the end. It is not funny at all, its a down right shame. I think I provided plenty of information to the guy who wanted it. The stock will be worth less than .0014 dollars. That is what I recently got for my TWA stock.

 

[HoursHore]

Can you even buy a stock of a company in Chap 11?

 

[satpak77]

you can buy any stock if its traded on an exchange, DALRQ is traded on the "penny stock" exchange. Via E-Trade you can buy it.

When a company exits Ch.11, its current stock is "delisted" (rendered untradable, therefore by default, worthelss) and new stock is issued

 

[XBOEINGDRVR]

hutch is correct, that was my experience at airways

 

[jetnut]

Thanks for the info everyone. Save me a waste of twenty bucks. The stock can still be purchased this is why I was wondering. I am new to the stock market and sorry If I don't have a MBA but My Balls Ache also jerk.

 

[satpak77]

Thanks for the info everyone. Save me a waste of twenty bucks. The stock can still be purchased this is why I was wondering. I am new to the stock market and sorry If I don't have a MBA but My Balls Ache also jerk.

you don't need an MBA to trade stocks. I trade stocks and commodities and have no MBA. I do have a ATP. (!)

Later

 

[aussiefly]

question then. If the stock is basically worthless why is it trading even on the penny dreadfull board?? Is their actually any market liquidity on a daily basis ??

Also, if the stock becomes worthelss upon exit from insolvency what happens to the current shareholders are they reissued new stock at the new float price based upon their percent of owenrship of Delta ???

Anyway, just interested.

 

[Flyby1206]

Upon exit from bankruptcy the company can do a swap. Say you have 200 shares of the old stock worth .50 cents each. They can give you 1 share of new stock for every 10 shares of the old stock, or some ratio like that. Its also possible that they will just disregard the old stock completely making your investment worthless. You wont get rich buying penny stocks, but if you spent 20 bucks on one and lost it all then its no big issue.

 

[megreene]

What service do you guys use to buy online stocks?

 

[ponder]

can give you 1 share of new stock for every 10 shares of the old stock, or some ratio like that. Its also possible that they will just disregard the old stock completely making your investment worthless. ]
"Can" is the operative word here. The plan in this case is to cancel
it as worthless. So as said above, buying it now is speculating, not
investing. If you buy dalq stock, you are hoping you can find a "greater
fool" to buy it from you for more. People have made money that way
but if you do it, do it with a no more than you can afford to lose.
because you are gamboling at that point.

 

[ponder]

Now buying LCC because you anticipate a Delta takeover,
that's something else, but don't tell Gen. Lee I said so!

 

[General Lee]

Now buying LCC because you anticipate a Delta takeover,
that's something else, but don't tell Gen. Lee I said so!

Sell LCC stock now. Really--it will go down eventually.

Bye Bye--General Lee

 

[DLslug]

GL Stock Advice

General and all:

Never take investment advice from a pilot.

All for now,

DLslug

 

[ponder]

General and all:

Never take investment advice from a pilot.

All for now,

DLslug

Why not? We're both right. Sooner or later it'll go down,
but it might go up a lot if the merger went through.
And buying dalq now is just crazy.