GM filling for chapter 11 on monday

[fasternyou929]

Originally Posted by Homeslice

right but I meant the "new" company, whatever it's going to be called. Would it be launched as an IPO, or who would get access to the shares?

Not sure, but I'd guess there will be a release of stock under a new symbol available to everyone, unlike an IPO.

The papers here in Japan are saying the new GM is Government Motors.

[101lifts2]

Originally Posted by fasternyou929

Not sure, but I'd guess there will be a release of stock under a new symbol available to everyone, unlike an IPO.

The papers here in Japan are saying the new GM is Government Motors.

We have been saying that since Bush gave GM 5 Billion. lol