InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,473.17
(
-0.25%
)
US TECH 100
19,263.20
(
-0.75%
)
Dow Jones
39,134.76
(
0.77%
)
Brent Oil
85.02
(
0.38%
)
Bitcoin
64,984.87
(
0.03%
)
Post# of 7196
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

clownsj

Send PM Follow Ignore
Followers 2
Posts 2400
Boards Moderated 0
Alias Born 05/10/2006

clownsj

Re: stock2windaily post# 2480

Thursday, 05/14/2009 8:47:23 AM

Thursday, May 14, 2009 8:47:23 AM

Post# of 7196
I think they are trying to sell you $224 worth of GM stock for $1000.

"As an owner of GPM - I received a book about GM restructuring that was sent to me from Ameritrade.
They are asking preferred noteholders to exchange - for every $1,000 of principal amount (cost of GPM) - you will receive 225 shares of common stock.
This puts the common stock at $4.44 per share - upon reading this - I loaded up today at $1.04"
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up