So, with all the debt wiped out, you guys think the company will stay at 1.13 billion market cap? Jesus, have some common sense. It may go down, but not to 2 cents, should be above $1.
The new issuance is for the restructuring, which will wipe out most of their debts, why would a solvent restructured GM be worth 1.13 billion? I think 30 billion would be reasonable, maybe more.
General Motors says it may offer current shareholders a reverse stock split that would give them one share of new stock for every 100 shares they currently own.