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GENERAL MOTORS COMPANY Message Board

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  • herrerabrian herrerabrian Dec 29, 2011 1:41 AM Flag

    On 12/15/2011

    Please share when you receive! Thank you in advance!!

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    • I had already posted it before you asked.

      The link is in my topic,
      < From MLC - Request for Bondholders Allocation Information >
      posted on Wednesday 12-28.

      Lots to read, but the cover letter mentions the section and pages to look at.

      I only had a moment to breeze through it, but nothing helpful popped out at me.

      I discussed the base cost of the New GM shares and the warrants with my tax preparer again, on Monday.

      He agreed with me that the base price is what we "actually paid for our bonds", and not what the face value of the bonds were, and we can't add anything in regards to the value or issue price of the New GM shares or warrants.

      If we pay to exercise the warrants and sell them later, then we add the cost we paid to exercise the warrants to the cost base of the GM shares that we bought with those warrants.

 
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