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Re: Suggestions for GM's Plan to Congress???
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Originally Posted by 2002 Caddy
You know it really p!sses everyone off when you are CONSTANTLY right...
YES first things first... RICK NEEDS TO GO!
We got down to a 1.70 today... No one has posted the significance of that... Anyone ever look at a GM certificate... they have a PAR value of 1.67...
That is the minimum value that GM says the shares are worth less then that and people notice and you have to declare the stock as a LIABILITY... we came within 3 cents of that amount today.
As long as Rick is in charge GM is TOAST... without Government support it will be dead within 12 months... WITH Government support it will take 2-3 years.. the end result is the same... Rick has p!ssed away over 70 BILLION of corporate value during his 10+ year tenure...
HE IS DONE... HE MUST GO!
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Everybody might get there wish, of rick leaveing.
Last edited by Buick Riviera : 11-21-2008 at 12:23 AM.
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