Your post of Insiders: What are you saying? They are buying?
This is from Yahoo. They have been selling since the bankruptcy filing:
INSIDER TRANSACTIONS REPORTED - LAST TWO YEARS Date Insider Shares Type Transaction Value* 23-Jan-09 BERLIND ROGER S Director 160,000 Indirect Sale at $0.04 - $0.05 per share. N/A 23-Jan-09 BERLIND ROGER S Director 320,000 Direct Sale at $0.04 - $0.05 per share. N/A 30-Dec-08 MACOMBER JOHN D Director 116,876 Direct Sale at $0.03 per share. $3,506 15-Oct-08 GENT SIR CHRISTOPHER Director 6,140 Direct Sale at $0.11 per share. $675 24-Sep-08 BERLIND ROGER S Director 4,808 Direct Sale at $0.17 per share. $817 24-Sep-08 AINSLIE MICHAEL L Director 25,788 Indirect Sale at $0.23 per share. $5,931 24-Sep-08 AINSLIE MICHAEL L Director 16,020 Direct Sale at $0.23 per share. $3,684 24-Sep-08 HERNANDEZ ROLAND A Director 1,000 Indirect Sale at $0.17 per share. $170 23-Sep-08 BERLIND ROGER S Director 80,000 Direct Sale at $0.14 - $0.16 per share. $12,0002 23-Sep-08 FULD RICHARD S JR Officer 83,362 Indirect Sale at $0.14 per share. $11,670 18-Sep-08 FULD RICHARD S JR Officer 287,415 Direct Sale at $0.07 per share. $20,119 17-Sep-08 LOWITT IAN T Officer 20,945 Direct Sale at $0.14 per share. $2,932 17-Sep-08 RUSSO THOMAS A Officer 38,912 Indirect Sale at $0.13 - $0.18 per share. N/A 17-Sep-08 RUSSO THOMAS A Officer 46,668 Direct Sale at $0.20 - $0.22 per share. $9,8002 16-Sep-08 FULD RICHARD S JR Officer 601,500 Indirect Sale at $0.20 per share. $120,300 15-Sep-08 KAUFMAN HENRY Director 5,000 Indirect Sale at $0.20 per share. $1,000 15-Sep-08 FULD RICHARD S JR Officer 2,276,802 Direct Sale at $0.16 - $0.3 per share. N/A 15-Sep-08 CRUIKSHANK THOMAS H Director 28,000 Direct Sale at $0.20 per share. $5,600 15-Sep-08 AKERS JOHN F Director 18,000 Direct Sale at $0.31 per share.
You were the one who brought up GM. Seems nothing like Lehman. GM common is wiped out. Management publically acknowledge that base case scenario, GM common is unlikely to recover anything. GM comon is under a HALT and will resume trading when?
I agree that the longer it takes to wind down Lehman, the more recovery it will have.
The recent news about Lehman creditors wanting to accelerate the Bankruptcy Ch 11, is not good for the Lehman Estate. It only benefits the moving party.