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MOTORS LİQUİDATİON ŞİRKETİ Message Board

  • iamnathan iamnathan Jan 2, 2010 9:10 PM Flag

    GM Bondholders #4 - First 2010 Topic

    ** Instructions for checking Bond Prices on FINRA **

    http://cxa.marketwatch.com/finra/BondCenter/AdvancedScreener.aspx

    Click on corporate, change issuer name to cussip in first box and your cussip number in the 2nd box, click show results.

    That will show the last sale price.

    Click on the blue colored General Motors, next page scroll down and click show result to see the price of the entire day of trades.

    If there were more than one page of sales that day you scroll towards the top and click on next.

    CUSSIP #'s are 9 digits and start with 3.

    MTLQ.GM 370442121---GMS---GM Corp 7.50% Sr Notes due 7/1/2044
    MTLQ.GO 370442717---GPM---GM Corp 6.250% Series C Conv Sr Debs
    MTLQ.GP 370442725---BGM---GM Corp 7.375% Sr Notes due 5/15/2048
    MTLQ.GR 370442733---GBM---GM Corp 5.25% Series B Conv Sr Debs
    MTLQ.GT 370442741---GXM---GM Corp 4.50% Series A Conv Sr Debs
    MTLQ.GV 370442758---RGM---GM Corp 7.25% Sr Notes due 2/15/2052
    MTLQ.GU 370442766---HGM---GM Corp 7.375% Sr Notes due 10/1/2051
    MTLQ.GS 370442774---XGM---GM Corp 7 1/4 Sr Notes due 7/15/2041
    MTLQ.GQ 370442816---GMW---GM Corp 7.25% Q Int Bnds due 4/15/2041

    For additional Bond information:

    Link to the Motors Liquidation.
    Scroll down and read about Wilmington Trust.
    They are the group that is representing Bondholders through the BK.
    There is a link for Wilmington Trust there too.

    http://motorsliquidationcreditorscommittee.com/

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    • Bondholders,

      Benny is right, the GRM message board is still open.

    • cool spreadsheet ......thanks!

    • GM 01-22-2010

      High $6.25

      Low $5.663
      ............

      Last trade $6.17

      • 1 Reply to iamnathan
      • Nathan, this may be interesting to those who hold that particular issue, but thanks to you, I think most of those who are interested know how to check their bond sales on FINRA. By the way, I'm getting a little concerned that the sales prices seem to be sliding. Of course today was a disaster for everybody. I had thought of trying to sell my BGM for about 6.40 but I'd probably be lucky to get 6 right now. I may dump it anyway as it seems we might be headed for a deeper recession. Anybody want to make me an offer for 30k bonds?

    • Search this thread for a fairly detailed analysis of the GM bond valutation I posted yesterday. I also posted an Excel spreadsheet about a month ago that gave a detailed breakdown that took three variables and displays the equivalent value for one GM bonds. The variables entered at the top of the spreadsheet are:
      number of gm bonds you own
      projected market cap of NewGM
      "Senior Unsecured Debt" class valuation.

      I haven't published an updated version of this spreadsheet that uses the accrued interest on the bonds as of June 1st, 2010. However, the accrued interest only shifts the valation by a few pennies between the different bonds, so it isn't a big deal.

      Spreadsheet is available here:
      http://www.worldclassconsultants.com/GMRetailBonds.xls

      Note that the three variables at the top of this spreadsheet are what you should edit. The rest of the spreadsheet is derived from those three numbers. All of the formula calculations are described each step of the way, along with a link to the SEC filing where the formula was derived.

    • * Test *

    • <<I have a yacht, and I'm on this board. Hell, my yacht is bigger than what senator Ted Kennedy had, and he had a very nice yacht>>

      Come on! If that doesn't prove what kind of tool you are, what would!? What a jerk.

    • Funny. You have such a high regard for yourself. You spout this crap about having formulas to figure out what bonds are worth. You make comments about Bozos starting another bondholder thread like you own the subject. Believe me, you are not under my skin. You are, however a jerk who thinks he is much smarter than he really is.

    • It must be fun sitting up there on your high pedestal. I was rude to you because, quite frankly, I'm tired of seeing you acting like an arrogant prick to a lot of people on this forum. I'm glad I got under your skin.

      I'm done with you now.

    • You just get nastier and nastier, don't you? Believe me, I have been more involved and tried to do more for GM bondholders than you can imagine. You are just so stuck up on your own ability that you think you know facts that others don't. Do you know there are over $200 billion of claims against MTLQQ? Do you know "certain parties" can require a registration of equity for sale before bondholders get there distribution? Fortunately, I don't think anyone would risk their money on your word, but you should think about the possible consequences of telling people how much there bonds will be worth.

      Why don't you try to listen instead of thinking you are smarter than everyone else? Talk to Wilmington Trust, my contact there is Dave Vanaskey. Then you can post an apology for your rudeness if you have a shred of decency.

    • You just get nastier and nastier, don't you? Believe me, I have been more involved and tried to do more for GM bondholders than you can imagine. You are just so stuck up on your own ability that you think you know facts that others don't. Do you know there are over $200 billion of claims against MTLQQ? Do you know "certain parties" can require a registration of equity for sale before bondholders get there distribution?

      Why don't you try to listen instead of thinking you are smarter than everyone else? Talk to Wilmongton Trust, my contact there is Dave Vanaskey. Then you can post an apology for your rudeness if you have a shred of decency.

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