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More then the buying price.....
Posted by Mark from Toronto (more from Mark from Toronto) on Sun, 10 Jan 2010 23:14:30
In Reply to: the reason GM isn't selling and trying to shutdown, Trev, Sun, 10 Jan 2010 13:16:01
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GM needs a buyer it can transfer SAAB liabilities to. If you sell a company that has 1B in liabilities to Spyker for $422M, the people owed that money can still come after you. But the stupid thing about GM is they seem willing to accept a loss of 1B vs a reasonable chance of 1.4bn positive cashflow. Bizzare.
posted by 67.204.5...
Posts in this Thread:
- I THOUGHT SPYKER HAD WHAT WAS BEING ASKED., BAAB , Sun, 10 Jan 2010 11:11:43
- QUIT YELLING please, TG, Sun, 10 Jan 2010 16:38:48
- Re: I THOUGHT SPYKER HAD WHAT WAS BEING ASKED., simul8guy, Sun, 10 Jan 2010 15:49:25
- Re: GM is Starting to Get Bad Press..., NDS, Sun, 10 Jan 2010 14:28:38
- is there an asking price?, James, Sun, 10 Jan 2010 13:18:12
- $422m, TG, Sun, 10 Jan 2010 16:32:04
- the reason GM isn't selling and trying to shutdown, Trev, Sun, 10 Jan 2010 13:16:01
- More then the buying price....., Mark from Toronto, Sun, 10 Jan 2010 23:14:30 <-- Viewing This Message
- Re: the reason GM isn't selling and trying to shutdown, BarryM, Sun, 10 Jan 2010 16:36:33
- So that "let the best car win" stuff is crap, huh? (nm), BAAB , Sun, 10 Jan 2010 14:14:32
- No one knows for sure if they are or are not. (nm), turrbo , Sun, 10 Jan 2010 12:17:54
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