Am I crazy for wanting RJET stock?
 

The stock is currently $0.70/share. I know the rules for purchasing stock from a company while it's in any kind of bankruptcy can be different, but hypothetically, if there were no or little restrictions on buying 1,000 shares of RJET, am I crazy?

My thoughts as well!

Yes, Delta stiffed the BK stock holders in their BK. They now have investment grade bonds, so it didn't penalize them too much.

Common shares will probably be zeroed out. Even if they're not, it hasn't reached bottom. You might think about shorting it if your account is setup for margin.

Yes..........

I would not buy it. I bought Delta in bankruptcy and had most of it zeroed out. Bankruptcy laws definitely not in the common shareholders favor.

Yes.


filler

don't. As a shareholder I got the shaft when Delta filed for bankruptcy years ago.

Why? Go to Vegas instead.

Better off punching yourself in the face and then suing yourself for damages....