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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