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phrantic

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phrantic

Re: wall_street61 post# 35830

Sunday, 09/06/2009 10:46:10 AM

Sunday, September 06, 2009 10:46:10 AM

Post# of 67237
GM WS. I've got a question, wondering if you can give some input or anyone else on the board. Do you think it's possible the bondholders could agree to convert their corporate debt to equity, diluting the commons? I believe they can simply agree to accept their semi-annual interest payments and retain the capital of their bonds. Which do you think is more likely? TIA
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