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amatorculus
(Untitled)
Jun 01, 2009 10:05
Why the hell is RGM up 9% right now? What is this shit?
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ineffabelle
June 1 2009, 14:34:56 UTC
GovernmentMotors has been going up since may 12. I doubt it's going to drop below 1.12 again, even if this upward surge is a dead cat bounce.
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hermesbrain
June 1 2009, 15:29:10 UTC
RGM is the unsecured bonds, though -- even though the current plan *potentially* calls for unsecured bondholders to get nothing.
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amatorculus
June 1 2009, 16:14:48 UTC
Incidentally, it also calls for "secured" bondholders to swap debt for equity. What equity, exactly?
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