That's not the contract, you idiot.
That's a bunch of excerpts from the contract, designed to fool UAW slugs like YOU into voting to ratify the contract.
PS: You will note that I do call you names; however, in your case, they are descriptive as opposed to pejorative.
<<<<<I agree with you, but your assumptions are that this is going to zero>>>>>
I don't say this stock will go to zero. Even when MTLQQ was cancelled, it was not zero on the last day of trading. I told people over and over, the prices of stocks going BK do not go to zero, and I do not predict bankruptcy for this stock any time soon. They have too much cash for now.
I just believe there is a high probability it's going to be dead money or worse due to the govt sales and the UAW still being there.
Although there is cash on hand, it is not from operations; that was a bailout from the US Treasury, and any shrewd investor should pay close attention to the balance sheet going forward to monitor how much cash burn has occurred.
<<<"...In other words, buy and sell based on current risk/reward ratios and current or future stock data, but DO NOT buy and sell based on your purchase point.">>>
Now that was a very good and rational post that I agree with!
I too paid a high tuition to learn that.
'I'll say in 2012 GM will be a lot higher then what it is trading at today. '
So what happened to this prediction happening now? Nice to see you having a bid dose of reality!
Why don't you come back with some decent replies for once. This is by far the best reply you have had in months. Pretty sure it was hard for you to type. Not because it admitted to you being wrong, but you had some words in there that were longer than 4 letters.
The market is also down. Why don't you do what the Taxpayers are paying you for. I'll say in 2012 GM will be a lot higher then what it is trading at today.
Now come back with some more name calling like all spoiled kids do.
It is the differences in the valuation of the assets (Deferred Tax Assets, etc.) and liabilities that is apparently being posted to Goodwill. Not the valuations themselves. Until GM is more detailed in its explanation, such as a breakdown of the constituent parts of its Goodwill, we are just left guessing.
<<It would help if GM were to breakdown the Goodwill into its components.>>
That's for sure.
I'm a little out of my depth here, and apparently there are differing views amongst accountants (I thought accounting was a little more precise), but reading the words make me believe there is more substance to the goodwill than I've been hearing.
I guess it will all unfold as we go forward.
'Here, read the Contract.'
What does this have to do with the stock reaching a low yesterday or today or even tomorrow?
once again jeye, your stupidity is astounding. As a well educated person, I will never ever understand how stupid you can be. I never will.