Interesting!Surprisingly, the price of the shares seems to be holding up well considering they seem to hold no value. As I recall book value was about $1.76 but book value is a trailing number which means book value today is likely 0, Nada, Diddly. It appears shareholders are holding tight to the belief of that $5.00 buy out! I am not so sure! I can't see the gov giving them a $500 million loan as it would be extremely high risk though I suspect the Quebec Gov will be pulling the but were Quebec card.
Just not sure they can continue without creditor protection. For the good of the Canadian consumer and taxpayer it seems to make more sense. The feds should let them go to creditor protection and refuse recapitalization it will result in a stronger competetor for AC and West Jet!