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Author Topic: Delfi Bankruptcy!
Dustoff 1
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General motors may be responsible for $11 billion in pension fund debt, from Delphi..

Look for the PPS of GM to drop..
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Dustoff 1
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Delphis bankruptcy largest ever in US auto history..
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Dustoff 1
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Some US auto parts companies are producing at only 60% capacity.

How much longer can US Auto manufacture vehicles at a loss? I don't think this bankrupcty is going to just" blow over" this time..

If the investment portion of these Auto Companies take a moderate hit, well, we may see an entirely new Auto consortium arise from the ashes..
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glassman
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more to follow....

what do you mena i don't have a pension anymore???

the comapny execs get 2 million a year

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keithsan
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gm tanked pre market- look for others to follow suit and buy. I'm eyeballing F at 6.00/7.00
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Dustoff 1
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Soup of the Day? SHORRRTTTTTTTTTT!
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Dustoff 1
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GM just stated they see no immediate effect on GM operations pertaining to the Delphi bankruptcy..
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Dustoff 1
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Banc of Americas' Ron Tadross securities equity analyst, states possibility of a GM bankruptcy increased..

Says to sell GM..

Liability to GM revised to $4-5 billion loss pertaining to DELPHI.

GM has approximately a $30 billion cash reserve..
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Dustoff 1
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Delphi trading at 1993 levels...
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Dustoff 1
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If strike talk starts at GM, this is going to get ugly..

GM is up a bit at present..
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Dustoff 1
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DPH [Delphi] up 9.09% to .36

Anybody think there is a play here?

In bankruptcy court this morning..
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Dustoff 1
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DPH DELPHI suspended from trading!
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George
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I guess that answered you question....

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Dustoff 1
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Well, it's a pink now! I think...
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Dustoff 1
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Hey, maybe momo could help um now? LOL
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Andreas
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Yes - I am curious, too.

That is the 1st time I owned shares of a company that went in bankruptcy court and trading was ceased.

The value for the shares is at $0 in my portfolio now - is all that LOST now?
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Dustoff 1
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Nah, they just re-name it and let it trade on the Pinks..

So, you won't see your portfolio reflect the value till they come up with a new symbol.
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Andreas
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Thank you, Dustoff!!!
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Andreas
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DPHIQ - now listed as PinkSheet
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