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Bristol-Myers Squibb Company Message Board

  • speedydekker speedydekker Dec 6, 2012 5:21 PM Flag

    GM Misled BK Judge

    They did not disclose that GM Canada had a sweetheart deal with hedge funds at the expense of shareholders and bondholders. Now this judge is mad and may overturn the whole GM bankruptcy, putting back 30B in liabilities on the company balance sheet.

    You will recall that Obama skrewed the GM bondholders and gave the company to the unions.

    If the judge overturns the bk, the company will be back in bk again and the union contracts may finally be dissolved.

    That needs to happen.
    the union workers can be hired back at a reasonable wage or they can go on unemployment forever.

    Besides, the Volt is failing badly.Nissan leaf kicking it to the curb although none of this trash is selling well.

    Sentiment: Sell

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