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View Full Version : Is GM Setting Up a Nov Surprise



TonySutton
08-18-2010, 08:21 PM
Is this political payback?

http://www.cnbc.com/id/38759254
youngbuck
08-18-2010, 10:15 PM
people familiar with the situation have told Reuters. GM could raise up to $20 billion in its IPO, the people said.

Wait... who said what?
awake
08-19-2010, 04:51 AM
The next pack of suckers take over for the previous group.
JacksonianBME
08-19-2010, 06:25 AM
GM is still s***. Check out this passage from their IPO filing.

We have determined that our disclosure controls and procedures and our internal control over financial reporting are currently not effective. The lack of effective internal controls could materially adversely affect our financial condition and ability to carry out our business plan.
james1906
08-19-2010, 06:27 AM
Does anyone else think the Volt is going to flop?