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marayatano

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marayatano

Re: marayatano post# 11

Sunday, 06/21/2009 12:26:12 AM

Sunday, June 21, 2009 12:26:12 AM

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http://gmcourtdocs.gardencitygroup.com/pdflib/1969_50026.pdf

Check out the bottom of page 7 and top of page 8 for the breakdown of the NEW GM.

You might want to read the whole document if you want. You can get what is going on from the Pleading and is pretty informative.

If the Bondholders (the ones who filed this) prevail, then there is some good upside in whch bondholders may receive more than the 10% of the new GM including their warrants.

ALSO CORRECTION FROM MY POST: It should be $11.95 of a $100 GM Bond to make it at $0.1195 cents on the dollar.
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