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Agreement signed on Monday but press release was Friday evening (when fewer people are paying attention).
1 posted on 05/22/2010 5:34:27 AM PDT by Need4Truth
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To: Need4Truth

Can’t wait to short this pig.


2 posted on 05/22/2010 5:37:18 AM PDT by WackySam (To argue with a man who has renounced his reason is like giving medicine to the dead.)
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To: Need4Truth
Anyone look familiar on the board of this company??????


Board of Directors

Kenneth M. Jacobs
Ashish Bhutani
Ronald J. Doerfler
Steven J. Heyer
Sylvia Jay
Ellis Jones
Vernon E. Jordan, Jr.
Philip Laskawy
Laurent Mignon
Gary Parr
Hal S. Scott
Michael J. Turner

3 posted on 05/22/2010 5:39:56 AM PDT by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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To: Need4Truth

This is just absurd window-dressing to pretend that there is any possibility of an IPO. $6 million for a year, or $3 million if no sale, is absolute chicken feed to the investment bank and will mean they’ll assign a couple of junior people to prepare some impressive looking paperwork that means nothing.

Consider this the Obamatrons spending $6 million of taxpayer dollars to deceive the taxpayers for at least a year that this pig is EVER going to fly.


4 posted on 05/22/2010 6:04:29 AM PDT by rockvillem
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To: Need4Truth

And I bet investors are just lining up to buy this stock so they can hold it until the next time it’s worthless or the government decides to take it away.....

hh


5 posted on 05/22/2010 6:07:02 AM PDT by hoosier hick (Note to RINOs: We need a choice, not an echo....Barry Goldwater)
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To: Need4Truth

How many FOBSs (Friends of Barry Soetoro) will be involved in insider trading and get away with it?


6 posted on 05/22/2010 6:07:08 AM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: Need4Truth
To pay off its shareholders, including the government, a United Auto Workers union health care trust and its old bondholders, the stock market would have to value GM at more than $70 billion. That would be almost double Fort Motor Co.'s market value of roughly $40 billion, but far less than the total value of Toyota's shares of about $120 billion.

So from this amateur's prospective, there's no way that a share of Gubment Motors is worth more than a share of Ford. Look for this turkey to drop lower than the regime's approval ratings. I'd be short on this one.

7 posted on 05/22/2010 6:32:30 AM PDT by YankeeReb
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