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Thread: GM shares halted on the stock exchange

  1. #1
    JetsInsider.com Legend
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    Exclamation GM shares halted on the stock exchange

    News pending....


    Here we go! Place your bets!

  2. #2
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    It's bad.

  3. #3
    JetsInsider.com Legend
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    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. 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
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    Not good.

  5. #5
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    "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
    All League
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    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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