uncle bubba

Playing the Auto Bailout With Yields as High as 45%

Debt restructure aims for 33 cents on the dollar, or in the case of XGM. $25.00 face, would reduce price to $8.25 per bond which currently trades for $3.29 per bond, thats 250% return to those who gambled at 3.29. plus the balance of the original share cost in new equity shares, which wipes out the current equity holders. Plus the ex-dividend date is 12/29 and those who gambled at 3.29 will receive a dividend in January of aprrox 55% return on the original investment. Gambling, yes, high return if you win, you bet. The guy who thought it was only 30% return doesn't understand this bond and where it will go if they survive.