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Old 04-02-2009, 08:54 PM   #61
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Quote:
Originally Posted by JerryLove View Post
As far as I can tell, GM opposes bankruptcy because the stockholders (as creditors) would loose their shares.
stockholders are not creditors, they are owners.

And it is quite possible that in bankruptcy, the existing issue of shares could be cancelled and the current shareholders would lose their entire investment.

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