Replies to post #4504 on Ford Motor Company (F)

[boredhousewife]

GM is off their rocker to place such and IPO it's laughable. RBC sent me GM's IPO what rip-off it is only in US dollars I have to pay for it not that it matters because Canadian currency almost par to par with US. GM was suppose to go on TSX exchange too but they don't know when and even if I placed the interest in it I would have to pay the currency exchange fees what a bunch of crooks it's BS. Even then the IPO doesn't state which price it actually is and it's between 26-29 so the interested party who accepts the IPO has no idea what they are paying. If GM wants to be par to par with Ford as they placed their IPO to match Ford then it should be where Ford's PPS is not higher than Ford If that is the case then Ford's PPS should be the same as GM's IPO.

New Issue Details 05 Nov 2010

Issuer: General Motors Company - Common Shares
Short Description: Secondary Offering of Common Shares
Size of Issue: 365,000,000 Common Shares (all secondary)
Category: Common Shares
Prospectus: prospectus.20101104130137652A.EN.pdf
Product Information: Not yet available
Price: U$26.00 - U$29.00 per share
Yield:
Dividend:
Maturity:
Pricing Date: Expected Wednesday, November 17, 2010, post market close
Settlement Date: Not Yet Available
Symbol:
RSP Eligibility: Yes
RSP Content: Domestic
Lot Size: 100
Minimum Quantity: 100
Maximum Quantity: 100,000
Description: **This offering is in U$ only**

Please note that processing may not take place until we near the expected pricing date (November 17)
Prov. Restrictions:
Status: Open


New Issue Details 05 Nov 2010

Issuer: General Motors Company - Series B Mandatory Convertible Junior Preferred Stock
Short Description: Offering of 5.50%-6.00% cumulative dividends, Convertible Junior Preferred Shares, Series B
Size of Issue: Approximately U$3.0 billion
Category: Preferred Shares
Prospectus: prospectus.20101104131837461A.EN.pdf
Product Information: Not yet available
Price: $50.00 USD per share
Yield:
Dividend:
Maturity:
Pricing Date:
Settlement Date: Not yet determined
Symbol:
RSP Eligibility: Yes
RSP Content: Domestic
Lot Size: 100
Minimum Quantity: 100
Maximum Quantity: 100,000
Description: ***Processing is anticipated to begin after November 17, 2010***
Prov. Restrictions:
Status: Open


Here is the issue if anyone is interested in seeing what GM is doing. RBC asked if I was interested I told them hell no!I'll wait until it hits the TSX and watch it fall off the horse then maybe I'll think about going into it on the market. Anyway I own Ford and it's the better company. :)