Chevrolet Corvette Stingray C7 Forum - View Single Post - Gov to get part ownership of gm? =bad deal

Hylton · 12-03-2008, 09:48 AM

If the government is issued shares and GM also manages to convert debt into equity (which is what will attempt to do), share value will be in the toilet for at least 5 years. There will be so many shares out there that the only way for them to increase in value is for GM to buy back a few hundred million.

12-03-2008, 09:48 AM	#23
Hylton Drives: fanboys and ass kissers crazy. Join Date: May 2008 Location: Ottawa, Ontario Posts: 7,275	If the government is issued shares and GM also manages to convert debt into equity (which is what will attempt to do), share value will be in the toilet for at least 5 years. There will be so many shares out there that the only way for them to increase in value is for GM to buy back a few hundred million. __________________ "BBOMG - More than just a car show.... It's an experience!"