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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (227807)3/13/2003 12:46:43 PM
From: Perspective  Read Replies (2) of 436258
 
I thought they were newly issued shares:

<The contribution of these newly issued shares increases the number of outstanding Hughes shares to about 1.1 billion, including about 330 million held by GM's employee benefit plans.>

If you give away something you own, that's OK. But if you dilute everybody else to save your own hide, that's a different story.

I'm sorry - I have a serious philosophical problem with companies slithering their way out of the pension liability issue by printing brand new share certificates in lieu of placing cash in. You might as well just print a farking IOU and stick it in there.

BC
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