GM going to 2 cents a share today

[kxvid]

http://tinyurl.com/cmn7fg
Bullish if you ask me.

 

[bond_trad3r]

It will go higher than 2 cents because the debt burden will be far less. The gov't will also be majority shareholder so GM is essentially backed by the government. My guess is 6 cents.

 

[Daal]

Stock is down modestly pre-market

 

[Illum]

100x dilution? Is that correct? That is insane. I was too scared to buy puts because of a possible short squeeze if BK was to be avoided. Wow was I wrong.

 

[stock777]

the putz are pricey einstein.