Imagine this scenario.
In the unlikely event the minimum 90% does not eventuate and the buyout does not proceed. Should the QF share price then fall any time for any reason during the next year or two Ian Woods and the pilots could find themselves defending a class action suit from other shareholders.
I suggest the pilots do not pay an inflated price for the QF shares but instead buy Delta Airlines shares. The shares were trading at 30 cents in March and are now approx. $1.50 (The all time high was just under $80 each).
I suggest Ian ask some of his counterparts in the U.S if they think his idea has merit.