“I heard about GM’s possible bankruptcy because only like 30% of their bond holders would agree to trade the bonds for company stock. If GM files for bankruptcy protection, what happens to the bond holders’ money?”
InsertSnappyNameHere your a Lawyer right? Well The Bondholders are rolling the dice! They believe the Bonds are worth .25/dollar and not BS Stock, we’ll see.
“Chicken, we Asians should not play the market – just keep putting the pennies into the savings account, buy some gold chains for handing out during future weddings, baby showers,…”
M4L, or you can be like my father-in-law generation from China and keep all your cash from your business under your mattress because you don’t trust banks. It’s clearly not the best long term investment, but it sure saved him from a lot of losses in the market recently.
Snappy, not an expert on this but believe bondholders are stacked according to whether their loan is collaterialized, 1st lien, 2nd lien,…. pecking order. that pecking order determines what kind of leverage the bondholder has in negotiating how much of their outstanding loan amt can be recovered,… it’s all negotiations – involving tons of lawyers & tons of billable expensive hrs
m4l…you might have missed this when I asked you yesterday…Do you put any money with any of the Chinese “Associations?” If so, what are the current terms and rates??
Chicken, we Asians should not play the market – just keep putting the pennies into the savings account, buy some gold chains for handing out during future weddings, baby showers,…
DIBS, my cash is in regular savings accts in bank.
“I heard about GM’s possible bankruptcy because only like 30% of their bond holders would agree to trade the bonds for company stock. If GM files for bankruptcy protection, what happens to the bond holders’ money?”
InsertSnappyNameHere your a Lawyer right? Well The Bondholders are rolling the dice! They believe the Bonds are worth .25/dollar and not BS Stock, we’ll see.
The What
Someday this war is gonna end…
“Chicken, we Asians should not play the market – just keep putting the pennies into the savings account, buy some gold chains for handing out during future weddings, baby showers,…”
M4L, or you can be like my father-in-law generation from China and keep all your cash from your business under your mattress because you don’t trust banks. It’s clearly not the best long term investment, but it sure saved him from a lot of losses in the market recently.
Snappy, not an expert on this but believe bondholders are stacked according to whether their loan is collaterialized, 1st lien, 2nd lien,…. pecking order. that pecking order determines what kind of leverage the bondholder has in negotiating how much of their outstanding loan amt can be recovered,… it’s all negotiations – involving tons of lawyers & tons of billable expensive hrs
m4l…you might have missed this when I asked you yesterday…Do you put any money with any of the Chinese “Associations?” If so, what are the current terms and rates??
Chicken, we Asians should not play the market – just keep putting the pennies into the savings account, buy some gold chains for handing out during future weddings, baby showers,…
Thanks Cobble 🙂
M4L, so the bondholders’ investment is lost?
Sent you my congratulations late last night — but here it is again!
CONGRATULATIONS SNAPPY! you’ve worked hard for it! couldn’t be happier for you!
Please don’t disappear from the OT entirely, it would not be the same with out you!