delta stock

delta stock

n
(Stock Exchange) any of the fourth rank of active securities on the Stock Exchange. Market makers need not display prices of these securities continuously and any prices displayed are taken only as an indication rather than an offer to buy or sell
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Delta stock, which has slid from about $20 a share two years ago to 80 cents at Friday's close, was trading higher early Monday on news of the pending sale.
The complaint alleges that Delta's officers and directors issued materially false and misleading statements and concealed the following: (a) that the Company was not adequately reserving for its dry hole costs and impairments in violation of Generally Accepted Accounting Principles; (b) that Delta's unproductive assets would hinder its ability to find a buyer for itself or its assets, as the value of the Company's assets was less than the value of its aggregate debt; (c) that the Company had far greater exposure to liquidity concerns than it had previously disclosed; and (d) as a result of the aforementioned, shares of Delta stock traded at artificially inflated prices.
The board of struggling US carrier Delta Air Lines has agreed to the use of an exception to the New York Stock Exchange (NYSE) shareholder approval policy which will allow its employees and creditors to be given Delta stock.
The defined benefit plans do not own any Delta stock.
01 par value; authorized 300,000,000 shares, issued 23,286,000 shares at June 30, 2003 and 22,618,000 at June 30, 2002 233,000 226,000 Additional paid-in capital 75,642,000 76,514,000 Put option on Delta stock -- (2,886,000) Accumulated other comprehensive loss (376,000) (85,000) Accumulated deficit (27,596,000) (28,853,000) Total stockholders' equity 47,903,000 44,916,000 Commitments $86,847,000 $74,077,000 See accompanying notes to consolidated financial statements.
As a result of defendants' false statements, Delta stock traded at artificially inflated prices during the Class Period, reaching a high of $11.
71 percent below the closing price of Delta stock on the date of the offer.
Castle also noted that the Company had used essentially all of its tax carryforwards to offset the gain on the sales of Delta stock.
Each note will be convertible into Delta common stock at a conversion price of $28 per share, which represents an approximately 100% premium over the closing price of Delta stock on May 27, 2003, the day the transaction was announced, subject to adjustment in certain circumstances.
Delta believes that the completion of this offering would help substantially increase the public float of Delta stock.
01, authorized 300,000,000 shares, issued and outstanding 22,659,000 shares at 9/30/02 and 22,618,000 at 6/30/02 227,000 226,000 Additional paid-in-capital 76,564,000 76,514,000 Put option on Delta stock (2,886,000) (2,886,000) Accumulated other comprehensive income (867,000) (85,000) Accumulated deficit (28,736,000) (28,853,000) Total stockholders' equity 44,302,000 44,916,000 Total liabilities and stockholders' equity $74,971,000 $74,077,000 DELTA PETROLEUM CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended Sept.