I wondered this myself and admit I don't fully understand the financial (and legal) ramifications a company might face for operating so poorly that it devalues the stock entirely. With worthless stock, I presume Franke would again control 100% of the company (as I mentioned previously). But how BB has continued to act (tantrums in the HQ, driving VP after VP away, lies to investors who clearly know the difference, purposefully acting in a manner to drive the stock down via poor operations) . . .to be THIS blatantly bad, it has to be on purpose and Franke doesn't do anything for the purposes of not making $.

​​​​​​Pure speculation but devaluation for negotiations (not just for the pilot union). But honestly, I don't know.