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Home > General > The Cantina > I'd buy in for 10000 shares @ $0.01

I'd buy in for 10000 shares @ $0.01

 
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Aske
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I'd buy in for 10000 shares @ $0.01
« on: November 10, 2008, 12:25:59 PM »
http://online.wsj.com/art...47513857.html?mod=testMod    Shocked Shocked Shocked
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
stroh
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We're doomed!

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Re: I'd buy in for 10000 shares @ $0.01
« Reply #1 on: November 10, 2008, 12:33:01 PM »
What is it a golf tournament?

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Barclays now targets GM shares at $1, while Deutsche Bank slashed its target price to zero.
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Aske
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Re: I'd buy in for 10000 shares @ $0.01
« Reply #2 on: November 10, 2008, 03:40:34 PM »
Think about it, you can , for $100 (at a $0.01 price point) lay ownership to about .002% of GM.

Regardless of whatever happens to the company (and your $100 "investment") that would make an awesome story to tell your kids .  Very few people could ever have claimed to own that kind of stake LOL.   For around $100k you could own 2%


But really, the current market cap is about what, $1.5 B?   I'm surprised someone isn't buying them up just to sell off the assets
« Last Edit: November 10, 2008, 03:42:47 PM by Aske » Logged Return to Top
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
Aske
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Re: I'd buy in for 10000 shares @ $0.01
« Reply #3 on: November 10, 2008, 03:57:24 PM »
to buy approx .002% of toyota, for example, would cost about .... $2M

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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
gleek
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E chu ta!

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Re: I'd buy in for 10000 shares @ $0.01
« Reply #4 on: November 10, 2008, 05:08:57 PM »
Why would the gubmint loan billions of dollars to GM when they could just buy the entire company for $2B?
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Aske
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Re: I'd buy in for 10000 shares @ $0.01
« Reply #5 on: November 10, 2008, 05:42:35 PM »
Quote from: gleek on November 10, 2008, 05:08:57 PM
Why would the gubmint loan billions of dollars to GM when they could just buy the entire company for $2B?

good ?  let the gubmint run it and lose $20B a year but potentially get the profit if it's ever turned around. 
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
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