>>Under the terms of the plan, 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 would be exercisable when new G.M. rises to $30 billion in value.

The union would initially receive a 17.5 percent stake to finance a health care trust for its retirees. It has also received warrants to raise that holding to 20 percent — but those warrants are exercisable only if new G.M.’s value hits $75 billion.

Once the union and bondholders achieve their full stakes, the government’s share would drop to 55 percent.

The hope is to create a new G.M. by late August, people with knowledge of the matter said.

During a briefing on Thursday, administration officials said they expected that G.M. would emerge from bankruptcy in 60 to 90 days, but would probably not be a publicly traded company until sometime later, possibly after a public offering. Until then, there would not be a ready market for the equity holdings of former bondholders and others.

The administration officials said that G.M.’s balance sheet going forward could make a $15 billion market capitalization possible within a relatively short period of time, but did not offer details on how its value would rise to that level.<<

Yeah.

#89 statik:

Amen. Same to you, while I’m at it. All of you, come to that. What a day. Reminds me of another old(er) song about a great Galveston hurricane:

“Wasn’t it a mighty day? Mighty day. Mighty day, Great God that morning, when the storm winds struck the town.”

By only the volt (not GM) and later sell or give the technology to the big three companies

and let GM sell cars and be a company that can make profit.

re Statik’s clarification for me. Thanks. You’re skilled enough in the nuances, using, while I admittedly use a neat tenderizer and then the side of a fork. Seems like a phased in road to inevitibility (but the same destination, correct)? I can’t get my head around how failing slowly is significantly better, other than the spin/propaganda.
Sheesh, I’d still rather my rosier prediction – rebound fairly soon and a soft landing.
I’m still working through some personal medical issues which limit my participation here, so please don’t thinnk that it’s related in any manner to the topics or my rabid interest in the Volt.
Be well,
Tag
LJGTVWOTR!!**********NPNS
==========================

Sorry to hear you are still not 100%. Take care of yourself first…not much else matters when your not healthy, especially cars, lol.

/we always have a spot warm for you here

The Presidents Task Force already declared the Volt was not a viable money maker for GM. Would the government permit this money-pit to continue under the “good” half of GM, or will it be assigned to the “bad” half?