I cannot or will not defend bloomberg I am simply illustrating the knowledge of the deal as it known right now.
Do you trust BusinessWeek
"GM will probably become a private company for a short period of time, Administration officials said. Eventually new equity will be issued, but it could be 6 to 18 months before GM goes public again."
I am only trying to say that the current equation leaves nothing for common shareholders.
Furthermore, there has been plenty of talk from the administration that GM won't trade for a while. This has been many years coming. Have a great weekend
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