US Gov owns about 60% of General Motors Company. Before Msr. Whitacre Leaves 1Sept, IPO filing Will offer General Motors to public, 16 Billion $$$ for 6.7 Bill $ Gov't Investment.
Indicates Standard $10 Par & 1.6 Billion Shares as Guess. Heres Kicker, VOLT. GM Last Stand shurely will bankrupt GM. Say 1 million Volt Units At $100,000.00 Loss Each = 100 Billion, GM Cann't Sustain even 1/4 of That & Pro Wareentee enforcers from competitors will Hound GM for replaement motors & batteries, Lighting Load on Own Over next few years. So Computer, ?yes. NO VECHILE however. for rest of 2010, each share could recover 10% of Par Value, which is ficticous number, as initial offering mighteasily be double as windes way thru system. Stock ?Brokers Make More than GM on Loute. Also incredible heavy Magnetic fields could undo anybody, babies first.
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posted by : going under...., 15 August 2010
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