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underdog150

05/30/09 10:07 AM

#3377 RE: ib12u #3372

GM will file for bankruptcy on Monday, Bloomberg says. It will then split into a "good GM, bad GM," with the good GM looking to be profitable within 60-90 days. In a change from the previous plan, current shareholders will get nothing.

http://finance.yahoo.com/tech-ticker/article/256244/End-of-an-Era%3A-GM-Going-Bankrupt-On-Monday
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"Current Shareholders gets nothing? -Show where it says, in "PRINT" that they get nothing, or shares would be worthless next Monday, ON and/or AFTER"