On another note. I was under the belief that you can't own stock in a bankrupt company. Basically through RAH and Wexford 91mil of money was sent to Delta to help them reorganize etc. There isn't actual stock. The company can't turn it into anything more than it already is can they? Isn't it money Delta owes Wexford?
You get 91 million dollars of the reorganized (post-bk) Delta (not the Delta in BK). Delta has been out of BK for a while. No it isn't cash per say, it is stock that you would have to sell to get cash for it.