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uhlmant

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uhlmant

Re: ib12u post# 3056

Friday, 05/29/2009 9:02:01 AM

Friday, May 29, 2009 9:02:01 AM

Post# of 7196
DO NOT INVEST IN GM RIGHT NOW. The most recent plan going into the weekend is that existing shareholders GET ZERO in new company. GM will go into CH 11 recievership by US GM. It will be a private company for a few months then essentially IPO out of bankrupcy. New GM shares may 'ipo' in the dollars range....if you buy now you get no piece of new gm. This should be trading at zero. I don't think it has sunk in. It will on Monday when all funds must dump it and it gets kicked from the DOW.
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