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Am I crazy for wanting RJET stock?

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Am I crazy for wanting RJET stock?

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Old 03-01-2016 | 12:03 PM
  #1  
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New Hire
 
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Default 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?
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Old 03-01-2016 | 12:05 PM
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Line Holder
 
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My thoughts as well!
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Old 03-01-2016 | 12:06 PM
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Yes, Delta stiffed the BK stock holders in their BK. They now have investment grade bonds, so it didn't penalize them too much.
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Old 03-01-2016 | 12:09 PM
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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.
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Old 03-01-2016 | 12:15 PM
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Yes..........
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Old 03-01-2016 | 12:38 PM
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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.
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Old 03-01-2016 | 12:51 PM
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Yes.


filler
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Old 03-01-2016 | 01:10 PM
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don't. As a shareholder I got the shaft when Delta filed for bankruptcy years ago.
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Old 03-01-2016 | 01:16 PM
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Why? Go to Vegas instead.
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Old 03-01-2016 | 01:38 PM
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Better off punching yourself in the face and then suing yourself for damages....
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