[Petronski]

This is not a notice of a meeting of stockholders and no stockholders’ meeting will be held to consider the matters described above. We are not seeking any consent, authorization or proxy from you, and no action by you is required.

[Orange1998]

Ouch.

[Orange1998]

I wonder who is gonna give Bank of A the 30 Billion to satisfy the Stress Test.

[SirJohnBarleycorn]

NYSE rules require listed companies, such as GM, in general to obtain shareholder approval before issuing new shares that exceed 20% of their outstanding shares.

It is not clear to me how this plan is legal under the NYSE rule if they do this without putting it to a vote of existing shareholders.

[Windflier]

We are not seeking any consent, authorization or proxy from you, and no action by you is required.

Signed,
Barack Obama, CEO
GM

p.s. Please do not attempt to liquidate any other positions you hold in the stock market until we contact you. All your base are belong to us now.

[publiusF27]

Wow, no lube or anything. That’s harsh.