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  #1  
Old 11-18-2010, 01:17 PM
2002 2WD Edge 2002 2WD Edge is offline
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Unhappy GM IPO/shares

So now GM is selling shares. Billions to be raised. Yes they will payback some of the money from the bailout. And possibly keep a few billion to invest in production. I'm not sure how it worked..pre-bailout..bankrupcy protection stage. Shareholders of GM stock maybe lost their shares? If not they won't like so many new shares created. Chrysler was a little different since it was required that they accept the Fiat takeover. Ford was the only one that didn't ask for a bailout. Ford sold off several of the companies they had bought to help prevent such. But GM could come out the big winner by the way they did it. Mind you if GM had gone under job loses would have been devastating. But still....
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  #2  
Old 11-18-2010, 01:47 PM
smakes smakes is offline
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Default Re: GM IPO/shares

k then?
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  #3  
Old 11-18-2010, 02:03 PM
MooDib MooDib is offline
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Default Re: GM IPO/shares

I think Ford is still doing better than GM, but this is just a way for GM to make some cash and get a little bit out of the government's pocket.
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  #4  
Old 11-18-2010, 02:05 PM
2002 2WD Edge 2002 2WD Edge is offline
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Default Re: GM IPO/shares

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Originally Posted by smakes View Post
k then?
just kind of ironic..especially for Ford. Just heard on CNN that China and some Arabic countries are buying up a lot of the shares.
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  #5  
Old 11-18-2010, 02:07 PM
Tom Tom is offline
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Default Re: GM IPO/shares

Quote:
Originally Posted by 2002 2WD Edge View Post
Yes they will payback some of the money from the bailout.
Quote:
Originally Posted by MooDib View Post
this is just a way for GM to make some cash and get a little bit out of the government's pocket.
Umm guys, GM paid back the loan (with interest) over 6 months ago.
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  #6  
Old 11-18-2010, 02:17 PM
MooDib MooDib is offline
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Default Re: GM IPO/shares

The government still has holdings in GM
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  #7  
Old 11-18-2010, 02:51 PM
DHEM DHEM is offline
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Default Re: GM IPO/shares

Quote:
Originally Posted by Tom View Post
Umm guys, GM paid back the loan (with interest) over 6 months ago.
[YT]http://www.youtube.com/watch?v=1gq7J71VsDM[/YT]
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  #8  
Old 11-18-2010, 04:02 PM
2002 2WD Edge 2002 2WD Edge is offline
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Default Re: GM IPO/shares

"Cutting the governments stake in the company by nearly half." Canada also has a stake in it..not sure what's up with that as far as repayment goes.

http://www.whitehouse.gov/blog/2010/...-success-story
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  #9  
Old 11-18-2010, 10:10 PM
Ranger Sport Ranger Sport is offline
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Default Re: GM IPO/shares

Quote:
Originally Posted by 2002 2WD Edge View Post
But GM could come out the big winner by the way they did it.
GM is the big winner, by pulling a fast one in front of everyone and getting away with it even if they got caught.

Quote:
Originally Posted by Tom View Post
Umm guys, GM paid back the loan (with interest) over 6 months ago.
Actually, they only paid 8.1b$ out of the 50b$+ they received in bailout money. GM didn't use profits to repay the govs, they used tarp funds that were moved around, lol.

If only mortgages were as easy to repay.
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  #10  
Old 11-19-2010, 12:03 PM
Tom Tom is offline
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Default Re: GM IPO/shares

Interesting, I was not aware of that.
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  #11  
Old 11-19-2010, 02:40 PM
DHEM DHEM is offline
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Default Re: GM IPO/shares

Yeah GM is like that
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