Alright..... Check out the preferred HGM and other similar issues.
HGM rose 36% late this week
I bought some HGM this week @ $2.32/share. It closed yesterday at $2.50.
At least it will play in the New GM as part of the 10% for bondholders. The additional warrant for 15% of GM is what the Wall Streeters were looking for and they got it.
I have no idea if HGM is worth 50 cents or $5.00. It is a pure bet on my part to follow the private equity guys.