Seriously, no matter what happens (Ch 7, Ch 11, Prepack or not, even bridge loans) there will be such massive dilution. You can see that in the premiums being offered on the puts, why is everyone and their mother not on that side of the trade? No matter what happens, common is going to take a HUGE hit, the gvt is going to get some kind of equity in the deal, and the UAW will prob end up with 20Bil in equity for the pension plan. And thats IF they get the loans/bailout/DIP. am i the only one that sees this or did i take too many hits on the crackpipe last week?