Die Auferstehung von GM

   GM wird einem ähnlichen Kurs folgen, der vom kleineren Rivalen Chrysler LLC genommen ist, der für den Schutz des Kapitels 11 am 30. April ablegte. Ein Richter gab am Sonntag Billigung von Chrysler, den grössten Teil seines Vermögens zu Italiens Gerichtsbeschluss zu verkaufen, den amerikanischen Fahrzeughersteller einem schnellen Ausgang vom Gerichtsschutz vielleicht in dieser Woche näher rückend.

   Der Plan ist für die Bundesregierung, um einen 60-Prozent-Eigentumsrecht-Anteil im neuen GM zu nehmen. Die kanadische Regierung würde 12.5 Prozent mit den Vereinigten Auto-Arbeitern nehmen, die, die einen 17.5-Prozent-Anteil und ungesicherte Obligationsinhaber bekommen 10 Prozent erhalten. Wie man erwartet, werden vorhandene GM Aktionäre weggewischt.


Im Falle dass Sie noch immer nicht überzeugt sind, sagt GM auf seiner eigenen Website:

   Werde ich Zahlungen auf irgendwelchen Anteilen oder annullierten Anteilen erhalten?

   Wir denken, dass es unwahrscheinlich ist, dass Sie Zahlung erhalten werden. Wir können nicht voraussagen, was der äußerste Wert der Stammaktie von GM sein kann, oder ob Aktionäre irgendeine Finanzwiederherstellung in den Verhandlungen des Kapitels 11 erwarten sollten. Wenn Firmendateien für das Kapitel 11, sich seine primäre Verpflichtung zur Maximierung des Werts der Gesellschaft für seine Gläubiger bewegt. Aktionäre einer Gesellschaft im Kapitel 11 erlangen allgemein Wert nur wieder, wenn die Ansprüche der gesicherten und ungesicherten Gläubiger völlig zufrieden sind. So, in den meisten Fällen des Kapitels 11, erhalten Aktionäre wenig oder keine Wiederherstellung des Werts von ihrer Investition.

Und doch trotz alles, was GM Anteile von Cents von.27 $ jeden der Moment des Feilstaubs zu Cents von.71 $ ein Anteil am Donnerstag gesammelt haben. Für diejenigen, die die Mathematik nicht tun wollen, die 162 % ist. Ja.... ein 162-%-Gewinn für Anteile, die die Gesellschaft Ihnen gerade erzählte, wird irgendetwas bald nicht wert sein.

Warum nicht? Die Gesellschaft sagte, dass sie $ 172,81 Milliarden verschuldet und $ 82,29 Milliarden im Vermögen hat, als sie für den Schutz des Kapitels 11 ablegte. In einem Ch

   The plan is for the federal government to take a 60 percent ownership stake in the new GM. The Canadian government would take 12.5 percent, with the United Auto Workers getting a 17.5 percent share and unsecured bondholders receiving 10 percent. Existing GM shareholders are expected to be wiped out.


In case you are still not convinced, GM on its own website says:

   Will I receive payments on any shares or canceled shares?

   We think it is unlikely that you will receive payment. We cannot predict what the ultimate value of GM’s common stock may be or whether stockholders should expect any financial recovery in the Chapter 11 proceedings. When a company files for Chapter 11, its primary obligation shifts to maximizing the value of the company for its creditors. Stockholders of a company in Chapter 11 generally recover value only if the claims of the secured and unsecured creditors are fully satisfied. Thus, in most Chapter 11 cases, stockholders receive little or no recovery of value from their investment.

Yet despite all that, GM shares have rallied from $.27 cents each the moment of the filing to $.71 cents a share on Thursday. For those who do not want to do the math, that is 162%. Yup....a 162% gain for shares the company just told you will not be worth anything soon.

Why not? The company said it has $172.81 billion in debt and $82.29 billion in assets when it filed for Chapter 11 protection. In a Chapter 11, the ONLY way shareholders collect is if there is anything left AFTER debtholders are satisfied. With federal government getting 60% ownership, the Canadian government 12.5%, the United Auto Workers 17.5% share and unsecured bondholders receiving 10%, there is NOTHING left for current shareholders...nothing...

If you own them and think they may have value someday, they will not. Take what you can get and move on...

Disclosure: None
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Related Stocks:

   * GMGMQ.PK

          §
GMGMQ.

du hattest geschrieben:

"60% die USA, 12,5 % Kanada, 17,5 % UAW, 10 % die Bondholder, macht zusammen 100 %. Ergo Null Prozent die bisherigen Aktionäre."


Das kommt nicht von GM, woher hast du das?

Bei GM steht nur folgendes(nie etwas von old and new shars sondern nur von old and new GM auch die Prozentangaben zu den Neuinvestoren stehen dort nicht):

www.gm.com/restructuring/docs/investors.pdf

INVESTORS
Will GM’s common stock be delisted from the New York Stock Exchange?
Yes. On June 2, 2009, the New York Stock Exchange ("NYSE") informed GM that it is no longer
suitable for listing on the NYSE. This decision was reached by the NYSE in view of the June 1,
2009 announcement by GM of a voluntary filing by GM and three of its domestic subsidiaries
for relief under Chapter 11 of the U.S. Bankruptcy Code. GM does not intend to review this
determination by the NYSE.
Since GM’s common stock is not traded on the NYSE, market makers not affiliated with GM may
initiate limited trading in one of the over-the-counter markets. Stockholders are advised to
consult with their personal financial advisors concerning investment decisions and questions
concerning how to trade shares.
How will GM’s common stock be traded going forward?
Market makers not affiliated with GM may conduct limited trading on the Over-the-Counter
Bulletin Board (OTCBB) and/or the Pink Sheets even while GM is involved in a Chapter 11
proceeding. GM will not be involved in initiating or supporting trading on the OTCBB or the Pink
Sheets. You should contact your broker for further information.
The Over-the-Counter Bulletin Board (OTCBB) and Pink Sheets are electronic quotation systems
that display quotes from broker dealers for many over-the-counter (OTC) securities. "Market
makers" and other brokers who buy and sell OTC securities, can use these systems to publish
their bid and ask quotation prices.
How and when can I buy shares of the New GM?
The New GM will initially be owned by the U.S. Treasury, the UAW VEBA and certain creditors of
the Old GM. Therefore, no shares are for sale to the public now. We think that it is likely that in
the future shares of the New GM will be publicly traded.
Investors_v6
Will I receive payments on any shares or cancelled shares?
We think it is unlikely that you will receive payment. We cannot predict what the ultimate value
of GM’s common stock may be or whether stockholders should expect any financial recovery in
the Chapter 11 proceedings. When a company files for Chapter 11, its primary obligation shifts
to maximizing the value of the company for its creditors. Stockholders of a company in Chapter
11 generally recover value only if the claims of the secured and unsecured creditors are fully
satisfied. Thus, in most Chapter 11 cases, stockholders receive little or no recovery of value from
their investment.
Is there someone at GM that I can speak with regarding the future of my investment and
whether I should hold or sell?
Stockholders should consult with their own professional investment advisor to assess their
personal investment situation.
Why can't stockholders file claims with the court?
The Bankruptcy Code is clear that stock is an "interest" and not a "claim." Stockholders will be
instructed as to how they can establish their proof of interest. If a stockholder does file a "proof
of claim," the company will object to that claim on the basis that the stockholder does not have a
valid claim according to the rules of the Bankruptcy Code.
I’m a bondholder, what impact does the filing have on me?
All parties, including bondholders, will be treated in accordance with the provisions of the U.S.
Bankruptcy Code and the rulings of the Bankruptcy court.
As an unsecured bondholder, how am I represented in the court proceedings?
The office of the United States Trustee is responsible for appointing the statutory Unsecured
Creditors Committee, which is charged with representing all unsecured creditors in the
proceedings (including unsecured bondholders).
Investors_v6
I’m a GMAC bondholder, does this filing impact me?
GMAC is not part of GM’s filing. Please consult with GMAC’s Investor Relations for additional
information.
Where can I go to get more information on GM’s filing?
GM is providing information about its filing at www.gm.com/restructuring and about its
reinvention at www.gmreinvention.com. Additional information, including court documents,
can be found on the bankruptcy court docket at www.gmcourtdocs.com.
Who can I contact with additional questions?
Stockholder or individual investor related inquiries contact 1-800-561-4182 or 1-732-512-3104