The news about GM's plan to revalue itself by issuing billions of shares amount to a virtual devaluation of $$$ invested in GM. 1:100. After that a consolidation to bring the share price back to close to what it is now. Read the whole story on Reuters.
I think this is only a forerunner of plans to selectively devalue all public companies who are in financial distress.
The people hardest hit will be share holders in those companies, but they keep the companies viable.
- Forums
- ASX - By Stock
- breaking news
The news about GM's plan to revalue itself by issuing billions...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DJIA (INDEXDJX) to my watchlist
|
|||||
Last
26,683 |
Change
82.730(0.31%) |
Mkt cap ! n/a |
Open | High | Low |
26,683 | 0.00 | 0.00 |
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online