Posted on 05/17/2010 6:34:36 AM PDT by C19fan
I think it’s been pulled. Someone complained to the FTC...............
Is anyone picking up large amounts of GM stock?if so who?.
“When GM repays its former bond holders and stock holders, they can show a real profit.”
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I’m not sure why there wasn’t more outrage when this occured. Yeah I know bankruptcies occur evry day, but this seemed to be in many ways, something much bigger, quicker, and in Obama punk style, much more in-your-face.
Poetic justice: Many of those holding GM bonds were dyed-in-the-wool leftist institutions.
smoke and mirrors
All those gummint cars.
GM bonds were also held by private individuals. The guy who built our house had most of his savings in GM bonds. He told me he’ll have to work until he’s 80 to catch up.
LOL! Nice one.
Yeah, wipe out all of my credit card debt, mortgage, car loans, and utility bills, and I will be in the black as well.
865 mill/31.48 billion = s a profit margin of 2.7% unless my math or analysis are wrong.
These margins are no better than 2003-ish when they had earnings of 300 billion and took home 6 billion then after paying all the halth benefits they netted 2 billion....
And the liabilities of the UAW and the Obamaton's will be built into the stock, i.e. the VEBA and the Retirement Liabilities...
Tell me how this is going to work as an IPO...
Prove me wrong here...
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Right.
Like I said, I'm surprised, no shocked, that there wasn't more outrage, particularly when Zero shat upon the bondholders, while the Unions and their insane compensation and benefits, kept perking right along.
Gee at least they could have rounded up a few(always exploitative and oppressive) white middle-aged men to drag before the ignorant Congressional baboons for show-trial style interrogation.
When can it be publicly traded?.
legally, can't repay those people
Which shouldn't be the case; ie the situation never should have happened. Instead of assets going to the bond holders, it went to the UAW. So GM is now controlled by three socialist entities.....the US gov't, the Canadian gov't, and the UAW.
Then, to top it off, they used taxpayer money to payoff a taxpayer funded loan so they could get another taxpayer funded loan with a better interest rate. To top it off, they blasted out this commercial telling the world they paid off their debt with interest. BS!
Talk about someone pissing on your leg and telling you its raining.
I currently own 4 bow tie vehicles that I inted to run till they die...(I won't even trade them in now to help 0's socialist regime)......never again will I buy another (so long as they are gov't/UAW owned).
Maybe, maybe, I'll THINK about it if they were to scrap the entire upper management, scrap the UAW (as in become a non-union company owned/labor), and ACTUALLY payoff their taxpayer loans.
FUUAW, FUBO, and FUGM.
When the company issues a new class of stock or one of the current shareholders sells theirs in a public offering. As long as the government and the unions own all the stock, they can report whatever financial results their imaginations allow them to conjure up; if stock is sold to the public, they have to play by the rules.
> Tell me how this is going to work as an IPO...
Only if the Fed buys the stock in the same way it has been monetizing
the national debt by BUYING Bonds as third-party Bond purchasers
Sure sounds a lot like the Mafia operate but we know the Mafis is dead because the government told us so /s, thanks for the info hope GM gets back on it’s feet hate to see any American company fail.
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