GM shares halted on the stock exchange - Jets Insider.com Forums

jetstream23 · 11-07-2008, 11:18 AM

News pending....

Here we go! Place your bets!

Carlton · 11-07-2008, 11:22 AM

It's bad.

jetstream23 · 11-07-2008, 11:23 AM

Lower than expected earnings and revenue. Lost about $7.35 per share versus expectations for a loss of $3.70 per share. Revenue came in about $3B less than expected.

Burning through more than $2B per month in cash. :eek: Business is unsustainable in its current form.

Don't have exact numbers, I'm just listening to the report now....but it's not good.

nuu faaola · 11-07-2008, 11:24 AM

Not good.

Carlton · 11-07-2008, 11:25 AM

"GM SAYS LIQUIDITY DECLINING TO 'MINIMUM' NECESSARY TO OPERATE"

Wow... tough to make a comeback when you barely have enough liquidity to function.

frostlich · 11-07-2008, 12:30 PM

Hmmm...what was GM's quote a few weeks ago? "Bankruptcy is not an option?"

In other breaking news: Death is not an option.

11-07-2008, 11:18 AM	#1
jetstream23 recovering from turf toe Jets Insider VIP Join Date: Dec 2005 Location: Phoenix, AZ (New Jets Stadium Section 246) Posts: 31,572	GM shares halted on the stock exchange News pending.... Here we go! Place your bets!

11-07-2008, 11:22 AM	#2
Carlton Teh jobless idle spawn of wealth guy. All Pro Join Date: Mar 2006 Posts: 7,374	It's bad.

11-07-2008, 11:23 AM	#3
jetstream23 recovering from turf toe Jets Insider VIP Join Date: Dec 2005 Location: Phoenix, AZ (New Jets Stadium Section 246) Posts: 31,572	Lower than expected earnings and revenue. Lost about $7.35 per share versus expectations for a loss of $3.70 per share. Revenue came in about $3B less than expected. Burning through more than $2B per month in cash. :eek: Business is unsustainable in its current form. Don't have exact numbers, I'm just listening to the report now....but it's not good.

11-07-2008, 11:24 AM	#4
nuu faaola All Pro Join Date: Apr 2003 Posts: 6,253	Not good.

11-07-2008, 11:25 AM	#5
Carlton Teh jobless idle spawn of wealth guy. All Pro Join Date: Mar 2006 Posts: 7,374	"GM SAYS LIQUIDITY DECLINING TO 'MINIMUM' NECESSARY TO OPERATE" Wow... tough to make a comeback when you barely have enough liquidity to function.

11-07-2008, 12:30 PM	#6
frostlich Get it done Shidzik! All League Join Date: Jul 2005 Posts: 2,965	Hmmm...what was GM's quote a few weeks ago? "Bankruptcy is not an option?" In other breaking news: Death is not an option.