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To: MythMan who wrote (384922)4/27/2009 11:07:48 AM
From: Real Man  Read Replies (1) | Respond to of 436258
 
GM also announced an offer to its bondholders to swap $24
billion of the company's $27 billion in unsecured debt for
stock. GM is offering bondholders 225 shares of its stock for
every $1,000 it owes the bondholders in principal.

money.cnn.com

Maybe they have already bid it up to that price, but F
has a nice 100% move since they did something like this -g-