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clownsj

05/14/09 8:47 AM

#2504 RE: stock2windaily #2480

I think they are trying to sell you $224 worth of GM stock for $1000.

"As an owner of GPM - I received a book about GM restructuring that was sent to me from Ameritrade.
They are asking preferred noteholders to exchange - for every $1,000 of principal amount (cost of GPM) - you will receive 225 shares of common stock.
This puts the common stock at $4.44 per share - upon reading this - I loaded up today at $1.04"