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GM plans 1-for-100 reverse stock split

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posted on May, 6 2009 @ 03:46 AM
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GM plans 1-for-100 reverse stock split


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DETROIT (AP) -- General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 shares they currently own.

Critics, mainly bondholders, have accused the Obama administration of favoring the government and the UAW at the expense of investors.

Richard Hilgert, president and owner of Automotive Financial Research LLC in Beecher, Ill., said bondholders and stockholders are getting the short end of the deal.
(visit the link for the full news article)




posted on May, 6 2009 @ 03:46 AM
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Looks like GM and what ever investment firms that have PUT CALLS or "short trades" lined up for GM are about to hit paydirt. When the stock does this reverse split each stock then in one sense becomes more valuable but in another sense becomes more volatile.

Look at the sheer quantities of money that can be made by those in the know. With the very real posiblilty that GM will not make it through the year with out going bankrupt, I personally think this is going to end with a financial holocaust for those vested in GM.

Looks like the making of a setup to me.

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(visit the link for the full news article)



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