GM is in DEEP trouble, might go bankupt very soon!

[Mega]

http://uk.reuters.com/article/tnBasi...44077620080702

AMBAC (Whom insure their bonds stopped trading today).
Mike

[Jim Nickerson]

Re: GM is in DEEP trouble, might go bankupt very soon!

http://uk.reuters.com/article/tnBasi...44077620080702

AMBAC (Whom insure their bonds stopped trading today).
Mike

It is still trading right now. High for year 88.41, low 1.04, present price 1.17. ABK

[Mega]

Re: GM is in DEEP trouble, might go bankupt very soon!

It was flashed up on CNBC that they suspened trading.
Mike

[Jim Nickerson]

Re: GM is in DEEP trouble, might go bankupt very soon!

It was flashed up on CNBC that they suspened trading.
Mike

Mike, you cannot believe those mothers on CNBC, right now the volume on ABK continues to increase albeit very slowly. Price 1.15

[Rajiv]

Re: GM is in DEEP trouble, might go bankupt very soon!

Here is the link - Ambac trading halted on NYSE

Ambac Financial Group Inc. ceased trading on the New York Stock Exchange Wednesday in a “subpenny halt” after its share price fell as low as $1.04.

The Manhattan-based company is one of several bond insurers to fall on hard times. Ambac has lost its “AAA” credit rating with Moody’s Investors Services, Standard & Poor’s and Fitch ratings, sending its stock down a whopping 99% in the past year.

The New York Stock Exchange issues “subpenny” halts when shares of a company fall below $1.05 each. Trading on the exchange cannot resume until the shares stay above $1.10 for an entire day on another automated trading platform. Shares may also be subject to a six-month probationary period if the average closing price drops below $1 over a six-month period.

[jimmygu3]

Re: GM is in DEEP trouble, might go bankupt very soon!

Here is the link - Ambac trading halted on NYSE

I smell a reverse split! 1-to-20 maybe?

[JoeSixpack]

Re: GM is in DEEP trouble, might go bankupt very soon!

How is that news ? Everyone knows GM goes bankrupt since end of 2006. The miracle is how that coyote ugly staged to keep up so long.

Same with F, if a company plegdes its trademark as loan collateral you know they are done. Just wonder how anyone would take that crappy logo in the first place.

[Mega]

Re: GM is in DEEP trouble, might go bankupt very soon!

It is still trading right now. High for year 88.41, low 1.04, present price 1.17. ABK

Jim:-
http://ftalphaville.ft.com/blog/2008...-slide-to-104/
Mike

[GRG55]

Re: GM is in DEEP trouble, might go bankupt very soon!

How is that news ? Everyone knows GM goes bankrupt since end of 2006. The miracle is how that coyote ugly staged to keep up so long.

Same with F, if a company plegdes its trademark as loan collateral you know they are done. Just wonder how anyone would take that crappy logo in the first place.

The company behind that crappy logo and indebted trademark has quite a legacy...

Dan Gurney and A.J. Foyt smack Ferrari and Porche at Lemans 1967... [video] which followed the 1966 1-2-3 GT-40 LeMans sweep led by Bruce McLaren and Chris Amon.

[McLaren placed 4rth in another GT-40 co-driven by another driver who would go on to much triumph and tragedy...Mark Donohue]