RE:MartelDoesn't help - the money goes to stockholders not the company. Besides, what Legault said about C series when he was in opposition was that the government should invest in common shares not in the JV. What if it was $1B equity from IQ, $1B guaranteed loan from QC, $1B loan from Ottawa, and $3B from CDPQ (for BT shares)? High cost debt wiped out (with a 10% haircut part and parcel). Share count goes to 5.7B* but without any debt, share price would rise quickly perhaps to $1.50? More importantly, Legault would look like a genius as IQ would make $2B solidifying his reputation (and sullying the Liberals') with the voters.
* if they paid $1, share count would become 3.8B, share price at equivalent valuation around $2.20?