Originally Posted by
gzsg
We should have $15 Billion in the bank. Instead our executives lit our money on fire.
I'm not a finance guy, but I have a real question. If the Delta shares outstanding is roughly 650M and Delt stock sells for $20/share, could somebody buy 51% of those shares for about 6.5 B $$, then vote to liquidate the company cause they have controlling intrest? They spend 6.5B for 15B cash and all the assets? Other than legal ramifications, is that correct?