GM going to 2 cents a share today

Discussion in 'Chit Chat' started by kxvid, May 6, 2009.

  1. kxvid


  2. It will go higher than 2 cents because the debt burden will be far less. The gov't will also be majority shareholder so GM is essentially backed by the government. My guess is 6 cents. :D
  3. Daal


    Stock is down modestly pre-market
  4. Illum


    100x dilution? Is that correct? That is insane. I was too scared to buy puts because of a possible short squeeze if BK was to be avoided. Wow was I wrong.
  5. the putz are pricey einstein.