I believe in this recent activity, the shares were bought by retail investors ike you and me, and were cross traded/covered by shares from the financier. This of course is just speculation but the data showing back to back trades within seconds of each other for identical amounts of shares (including odd lot amounts) suggests strongly to me that it is correct.
I don't believe Delta is diluting at all at the present time, however I believe they have indirectly though the financing arrangement. I would expect with no buying, no sample results, and no positive news, it would be most difficult for any large shareholder to divest shares without dropping the price even more. We'll have to wait and see if more shares flow into the market when the next traunch is announced.
Robert
There are no good stocks, only good trades.