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Re: ib12u post# 3213

Friday, 05/29/2009 2:19:43 PM

Friday, May 29, 2009 2:19:43 PM

Post# of 7196
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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