For those of you playing dphiq. Be very careful as the following was stated in a resent SEC filing.

Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy cases to each of these constituencies. A plan of reorganization could result in holders of Delphi's common stock receiving no distribution on account of their interest and cancellation of their interests.

I got burned on NWA for a few hundred dollars over the same issue. They are/were both in bankruptcy proceedings. FWIW.