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Thread: GM shares halted on the stock exchange

  1. #1
    Jets Insider VIP
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    Dec 2005
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    Phoenix, AZ (Jets Stadium Section 246)
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    GM shares halted on the stock exchange

    News pending....


    Here we go! Place your bets!

  2. #2
    It's bad.

  3. #3
    Jets Insider VIP
    Join Date
    Dec 2005
    Location
    Phoenix, AZ (Jets Stadium Section 246)
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    36,399
    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.

  4. #4
    Not good.

  5. #5
    "GM SAYS LIQUIDITY DECLINING TO 'MINIMUM' NECESSARY TO OPERATE"

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

  6. #6
    Hmmm...what was GM's quote a few weeks ago? "Bankruptcy is not an option?"

    In other breaking news: Death is not an option.

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