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Sunday, September 18, 2011 6:38:49 PM
Keep in mind that a lot of debt was retired in exchange for shares. Before that, the stockholders had negative equity, the company has essentially been insolvent for a good while, but enough stock holders, bond holders and debt holders felt it was too big too fail. Old stock holders were lucky to keep 2.5% ownership.
I am not saying when or if this a buy right now. Too many unknowns regarding planes of the largest new stock holders.
And FYI, OTC scams are and have been worse, GSRE is selling an extra 9 billion shares to add to the 3 billion at .0001 right now.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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