Lets HELP GM
05-23-2009, 10:10 PM
#1
TECH Addict
Thread Starter
iTrader: (9)
Join Date: Jun 2004
Location: Brunswick, Ga
Posts: 2,939
Likes: 0
Received 0 Likes
on
0 Posts
Lets HELP GM What if we all bought GM shares as a show of support and financial backing. It could only help and if they pull out we might make a little money. If every Tech member bought 20 shares, think what an impact and what a statement it would make. In short, quit telling me how great your LSX is, and DO something for the company who brought it to you!!!
05-23-2009, 10:31 PM
#2
Launching!
iTrader: (4)
Join Date: May 2008
Location: Wilmington, NC
Posts: 236
Likes: 0
Received 0 Likes
on
0 Posts
you want us to bump up your falling shares so you can sell before bankruptcy? No.
Assuming there was even enough purchasing power on this site to drive the price of their stock of course.
Assuming there was even enough purchasing power on this site to drive the price of their stock of course.
05-23-2009, 10:37 PM
#3
We did something for them, we have to pay for the bail out money they are taking now only to file bankruptcy later on and not have to pay it back. Chrysler just did the same thing. I expect Gm to do the same very soon.
05-24-2009, 11:13 AM
#4
Oh, and I did help out last year buying a 2008 HHR SS. What did you buy??
05-24-2009, 11:32 AM
#5
Administrator
So your suggesting that we all make a horrible financial decision to show our support of a company that is being forced into bankruptcy? Time to wake up to reality my friend.
05-24-2009, 01:21 PM
#7
gee, why help THEM when they dont help ME?!
a few years ago i had a GTO that was having problems keeping the rear cradle aligned. i put BRAND NEW tires on the rear and had the rear cradle aligned and everything according to GM SPECS! in 5K miles or LESS the insides of my rear tires were BALD.
I'll **** in a box before i'll help GM out of anything.
a few years ago i had a GTO that was having problems keeping the rear cradle aligned. i put BRAND NEW tires on the rear and had the rear cradle aligned and everything according to GM SPECS! in 5K miles or LESS the insides of my rear tires were BALD.
I'll **** in a box before i'll help GM out of anything.
Trending Topics
05-24-2009, 01:22 PM
#8
LOL.. so look at these numbers...
133,216 Members as of 5/24/09 @ 2:15PM
$1.43 per share @ 20 shares per member = $28.60
Would come to a total of $3,809,977.60
3.8 million would barely phase the stock, let alone do anything to improve GM.
Hell, why would you want to give 3.8 million to GM, I can think of a lot of people/foundations that could use 3.8 million dollars.
Why should I give any more money to a company that can not manage its own debt... in the long run we (tax payers) are the ones who are going to be paying for their bankruptcy.
GM
133,216 Members as of 5/24/09 @ 2:15PM
$1.43 per share @ 20 shares per member = $28.60
Would come to a total of $3,809,977.60
3.8 million would barely phase the stock, let alone do anything to improve GM.
Hell, why would you want to give 3.8 million to GM, I can think of a lot of people/foundations that could use 3.8 million dollars.
Why should I give any more money to a company that can not manage its own debt... in the long run we (tax payers) are the ones who are going to be paying for their bankruptcy.
GM
05-24-2009, 01:35 PM
#9
TECH Regular
Join Date: Jan 2005
Location: Orlaanndoooo
Posts: 475
Likes: 0
Received 0 Likes
on
0 Posts
I've supported GM all my life by buying their vehicles. Haven't bought a new vehicle that wasn't GM.
I've overlooked having to fix and upgrade rear axles, change out shocks by the end of warranty, change out engines before the end of warranty due to sleeves falling out, replace expensive injector and "distributor" assemblies, fix intake gaskets that split apart, and replace transfer case control modules & encoder motors.
I made the decision to buy GM vehicles based on the styling and powertrains, knowing full well that I would have to finish the engineering of the drivetrain. I'm doing all I can to support them. When it comes to my investment dollars, there are a few places I'll put my money before GM. Heck, on the eve of bankruptcy I think buying beer with the money would be a better investment. You know the current administration is going to force all stockholders, bondholders, and creditors to take pennies on the dollar like they are doing with Chrysler.
I've overlooked having to fix and upgrade rear axles, change out shocks by the end of warranty, change out engines before the end of warranty due to sleeves falling out, replace expensive injector and "distributor" assemblies, fix intake gaskets that split apart, and replace transfer case control modules & encoder motors.
I made the decision to buy GM vehicles based on the styling and powertrains, knowing full well that I would have to finish the engineering of the drivetrain. I'm doing all I can to support them. When it comes to my investment dollars, there are a few places I'll put my money before GM. Heck, on the eve of bankruptcy I think buying beer with the money would be a better investment. You know the current administration is going to force all stockholders, bondholders, and creditors to take pennies on the dollar like they are doing with Chrysler.
05-24-2009, 06:44 PM
#11
TECH Fanatic
I would have maybe considered buying GM stock at one point.... but with their bankrupty all but certin..... I wouldn't buy it now.
In a bankrupty.... stockholders are LAST in line IF they were to actually go into a C7. (The stock at that point would be worthless. GM simply has too much debt for it to be worth anything if their C11 becomes a C7.)
And I don't think taxpayers should be sinking anymore into GM either.
Ford may surrvive IF it can stay out of bankruptcy... but as much as I hate to say it..... GM and Chrysler are almost certin to fail at this point.
In a bankrupty.... stockholders are LAST in line IF they were to actually go into a C7. (The stock at that point would be worthless. GM simply has too much debt for it to be worth anything if their C11 becomes a C7.)
And I don't think taxpayers should be sinking anymore into GM either.
Ford may surrvive IF it can stay out of bankruptcy... but as much as I hate to say it..... GM and Chrysler are almost certin to fail at this point.
05-25-2009, 08:46 PM
#14
TECH Enthusiast
Join Date: Oct 2007
Location: NC
Posts: 605
Likes: 0
Received 0 Likes
on
0 Posts
LOL.. so look at these numbers...
133,216 Members as of 5/24/09 @ 2:15PM
$1.43 per share @ 20 shares per member = $28.60
Would come to a total of $3,809,977.60
3.8 million would barely phase the stock, let alone do anything to improve GM.
Hell, why would you want to give 3.8 million to GM, I can think of a lot of people/foundations that could use 3.8 million dollars.
Why should I give any more money to a company that can not manage its own debt... in the long run we (tax payers) are the ones who are going to be paying for their bankruptcy.
GM
133,216 Members as of 5/24/09 @ 2:15PM
$1.43 per share @ 20 shares per member = $28.60
Would come to a total of $3,809,977.60
3.8 million would barely phase the stock, let alone do anything to improve GM.
Hell, why would you want to give 3.8 million to GM, I can think of a lot of people/foundations that could use 3.8 million dollars.
Why should I give any more money to a company that can not manage its own debt... in the long run we (tax payers) are the ones who are going to be paying for their bankruptcy.
GM
05-25-2009, 08:54 PM
#15
***Repost Police***
Join Date: Dec 2005
Location: DFW, TX
Posts: 2,480
Likes: 0
Received 0 Likes
on
0 Posts
What if we all bought GM shares as a show of support and financial backing. It could only help and if they pull out we might make a little money. If every Tech member bought 20 shares, think what an impact and what a statement it would make. In short, quit telling me how great your LSX is, and DO something for the company who brought it to you!!!
05-25-2009, 09:45 PM
#17
TECH Addict
iTrader: (1)
Join Date: Oct 2007
Location: Schertz, Texas
Posts: 2,222
Likes: 0
Received 0 Likes
on
0 Posts
That might have helped 30 years ago. Its too late now. Hopefully they do the smart thing and file Chapter 11 and come back stronger from it WITHOUT the UAW, but we can only hope.
05-25-2009, 10:26 PM
#19
When unions stood up for the worker and the hours workers worked, that was grand. Now they screw the companies by arguing for outlandish wages they pay these people for doing the most simple mundane tasks.
05-26-2009, 12:05 AM
#20
WANNABE GENIUS
iTrader: (1)
Join Date: Mar 2006
Location: Coal Valley, IL
Posts: 615
Likes: 0
Received 0 Likes
on
0 Posts
I hate the UAW. It was a good idea, right until they started paying a no diploma, no degree, ignorant guy the same wages as a freeking doctor to put A screw into hole B.
When unions stood up for the worker and the hours workers worked, that was grand. Now they screw the companies by arguing for outlandish wages they pay these people for doing the most simple mundane tasks.
When unions stood up for the worker and the hours workers worked, that was grand. Now they screw the companies by arguing for outlandish wages they pay these people for doing the most simple mundane tasks.
People like you guys are ridiculous. You dont have the first clue what youre even talking about. I fail to see how $14hr is in any way shape comparable to a college educated wage. People like you seem to love this delusion of a world of CEOs and Board of Directors without any understanding or belief in the workers that build and produce tangible products in this country.People have to have money and we cant live in a world with out gas station workers or electricians or people to pick up garbage. They deserve to paid a living wage