David Hawkins Posted May 12, 2009 Report Share Posted May 12, 2009 http://www.comcast.net/articles/finance/20....GM.Stock.Sale/ What does this mean: "If the bond exchange goes through, GM plans to issue 62 billion new shares and then do a 100-for-1 reverse stock split." Link to comment Share on other sites More sharing options...
YZD263 Posted May 12, 2009 Report Share Posted May 12, 2009 http://www.comcast.net/articles/finance/20....GM.Stock.Sale/ What does this mean: "If the bond exchange goes through, GM plans to issue 62 billion new shares and then do a 100-for-1 reverse stock split." This just means that the current shareholders will be diluted big time! The 62 billion new shares will be issued to the US Government, UAW and bondholders. Current shareholders will only hold 1% of the company. Consequently, for them to maintain the current value of their investment, the overall value of GM's issued shares would need increase to 100 times its current value, which obviously won't happen. No wonder why the GM execs are dumping their shares. Link to comment Share on other sites More sharing options...
shel-b001 Posted May 12, 2009 Report Share Posted May 12, 2009 Possible bankruptcy. Link to comment Share on other sites More sharing options...
2007GT Posted May 12, 2009 Report Share Posted May 12, 2009 Possible bankruptcy. Inevitable bankruptcy. Link to comment Share on other sites More sharing options...
frydguy79 Posted May 12, 2009 Report Share Posted May 12, 2009 like rats leaving a sinking ship, :happy feet: they want money, while the stock is worth something, cause once GM files for Bankruptcy there stocks are worthless Link to comment Share on other sites More sharing options...
stormeaston Posted May 12, 2009 Report Share Posted May 12, 2009 like rats leaving a sinking ship, :happy feet: they want money, while the stock is worth something, cause once GM files for Bankruptcy there stocks are worthless +1 Link to comment Share on other sites More sharing options...
MY500SS Posted May 12, 2009 Report Share Posted May 12, 2009 like rats leaving a sinking ship, :happy feet: they want money, while the stock is worth something, cause once GM files for Bankruptcy there stocks are worthless +2 Link to comment Share on other sites More sharing options...
David Hawkins Posted May 12, 2009 Author Report Share Posted May 12, 2009 like rats leaving a sinking ship, :happy feet: they want money, while the stock is worth something, cause once GM files for Bankruptcy there stocks are worthless Then WHO would be crazy (stupid) enough to Buy the Stock, especially after that Article was writen??????? Link to comment Share on other sites More sharing options...
YZD263 Posted May 12, 2009 Report Share Posted May 12, 2009 Then WHO would be crazy (stupid) enough to Buy the Stock, especially after that Article was writen??????? Less and less people, it seems, as GM stock hit its lowest point since 1933 earlier today. Link to comment Share on other sites More sharing options...
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