And existing shareholders will be wiped out.

How do I know this?

Because Ford has concluded negotiations with the UAW to allow them to fund their health care trust fund with stock.

If there is anything that I am sure of, it is that when equity in a company is used as a benefit for rank and file workers, they will be wiped out, along with other share holders, in a bankruptcy.

Call me a cynic, but just ask the United Airlines pilots.