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General Motors Corp., 7.25% Senior Notes due 7/15/2041 (XGM)

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Instablog posts on XGM

  • GM Unsecured bond holders by E Nuff Sed
    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... More »
    May 31, 2009 • XGM, RGM, HGM
  • Good GM: The largest IPO in US history? by Greg Weston
     The most important GM bankruptcy news today is the new UAW agreement. The old proposal was UAW would get 39% of a post-restructuring GM, the USA 50%, bondholders 10%, old common shareholders 1%. Now the UAW is agreeing to take only 17.5%, but in return for this smaller stake will be... More »
    May 26, 2009 • GMGMQ.PK, RGM, BGM
  • Playing The GM Bankruptcy by Greg Weston
    In my last Seeking Alpha column, I mentioned as a very speculative investment GM exchange traded or “retail” notes that trade on the NYSE. Thus far, this has not been a good investment. I mentioned XGM in particular, then trading at 4.9, and now trading at 1.56, with this loss... More »
    May 22, 2009 • BGM, XGM, RGM

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