Originally Posted By: badtlc
Originally Posted By: VNTS
A one time deal deal due to write offs, read their sec filings, still 28 billion in the dink. Of course if the shark Mullaley can sucker some more fools in a stock offering, they can raise cash but who in their right mind would buy an auto stock offering??
Funny you say that. Me and the wife bought all we could afford when it dipped below $2. In case you missed it, it just blew by $7 today.
Good for you, you will be happy when he dilutes your stock by offering new shares. Or you can buy more. My point is he wants to raise cash to help pay off the old debt. He essentially wants to transfer the risk from FORD onto new stock holders. If you want to buy that is great but ask all the GM stock holders and older Ford stock holders who bought when the stock was 25-30$ a few years what hey think??