I know what he would say......he loves GM, has never bought a car other than GM, me and my dad joke about it.....if someone offered him a foreign car worth 200k for $1, he wouldn't take it
they just bought a new GM car about 2 months ago, and he keeps trying to get me to sell my 4runner to get a GM
he was born in 1908, and i think he still hates the japanese for pearl harbor, but he is always making comments about japanese cars
he would say that the company isn't going anywhere and might even say they aren't going to go into bankruptcy.....but he hasn't really done research other than what he sees on msnbc, cnn, 60 minutes, and reads in the WSJ
So...If GM does file BK, are there certain agreements, contracts, liabilities with SIRI that will be wiped clean during the reorg? I can see the Govt putting other vendors ahead of SIRI in the food chain.
Sirius XM pays GM. GM pays Sirius NOTHING! Suppliers have been guaranteed payment by the government.
Most contracts have an ipso facto clause which basically voids contracts in the event of oe party filing bk. Apparently however, that is not enforceable.
MM's play off of fear and greed, right? ANY fear or greed. And STUPID mypioc fearful weak longs sell right into their manipulation... LONG AND STRONG is my motto but I just don't get how so many people can be that stupid to fall for the manipulation and fear mongering. Not from this site of course...!
I thought I recalled that GM pays SIRI for the subscriptions once the cars are sold..(at a discounted rate). If this is the case, I would imagine that this is not a unit by unit payment, but more so a quarterly or annual payment? That could be dropped out after BK.
Am I off my rocker on this?
The cert's are not worth more. They are worth what each share is worth. I'm only suggesting that as far as the brokerage biz is concerned, they are as good, actually better than, CASH. You can fund an account immediately with them and then sell them, even if you sold them short today, and the transaction would complete after T +3. Your short position would be covered with the shares.