If unions agree - stock will shoot up to $50. Current market cap is only $100MM.
I believe in the last concession the company gave the unions a stake in the company. Anybody knows the details?
They certainly did. They "created" more shares and diluted the existing stock to give the union a 25% stake. Every single union employee has that $$ sitting in their retirement account, free to do what they like with it.
You fool.....if YRC issues more stock it will TOTALLY DILUTE THE EXISTING SHARES AND CRATER THE STOCK!
You are an idiot. In this case dilution is good because prevention of bankruptcy & debt refinancing will significantly increase the value of this company. Finance 101