I am an ordinary investor seeking to get an handle on the market and the economy. I am a family man, a scientist and have a reasonably well paying job. I am about 10 - 15 years from retirement (I thought it was 5 last year, but this bear market has humbled me), I have consistently out-performed... More
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha
community. Instablog posts are not selected, edited or screened by Seeking Alpha editors,
in contrast to contributors' articles.
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
GM Unsecured bond holders 0 comments
Bondholders would initially receive 10 percent. They could then exercise their warrants for an additional 7.5 percent when the new G.M. rises to about $15 billion in value. The second set of warrants for the final 7.5 percent of G.M. would be exercisable when the new G.M. rises to $30 billion in value.
With GM unsecured debt now trading around 10% of face value - this could result in a 150% return on investment in 3 years.
GM exchange traded debt can be accessed as XGM, RGM, HGM etc.
I went recently long on XGM.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
Latest Followers
StockTalks
-
Nov 08, 2009
-
Nov 08, 2009
-
Nov 06, 2009
More »Posts by Ticker
Posts by Themes