I"ll counteroffer at $3.00 a share, see if any sellers, get it posted as a offer for the day from a A G Edwards broker or maybe Chase broker. If they take it next day then we know Government Motors is in real trouble selling Volts. GMC pickups would still be worth something, I want some spare parts for my Olds. Chase, Goldman Sachs still has some Chrysler bonds leftover from before bankruptcy/government takeover, supposed to be some bankruptcy motions for the shutdown plants in US and related property as bondholders and old stockholders asset- the precedent is Penn Central case, when main creditors wer finally paid the leftover old realestate assets were used to pay bondholders 10 years later and payout of 15% to 25% on bonds purchased at 10% after 5 years did make some people a profit, did establish precedent on leftover property. Couple plants not being used by Fiat in Wisconsin, northern Illinois might be called bondholders assets, maybe Cat would want a convenient assembly plant for stuff to do Chinese contracts. Cheaper than flying to Vegas to lose money and less chance of getting a case of STD as extra like some gamblers. Check back next week and see if other than Union and Dem lobbiests bought much. RN
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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