GM Said to Plan June 1 Bankruptcy as Debt Plan Gains (Update2)

Discussion in 'Stocks' started by VoodooMMI, May 28, 2009.

  1. Straight from the hot-off-the-press SEC filing...

  2. Say what?
  3. Yeah exactly.

    And then there is the "15% warrants" being given to bond holders in addition to the "100%" of equity already allocated. New company doesn't even exist yet and they're running "The Producers" on the capital structure, lol.