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<blockquote data-quote="inactive" data-source="post: 1356856" data-attributes="member: 7488">GM is also offering shares of preferred, which are not included in the common stock IPO, so the $140+ per share price is a fallacy.&nbsp; The common stock IPO is going to reduce the Treasury ownership share from 60% to 40-something%, so the actual sale price (if no preferred stock was to be sold) should be somewhere around 100 bucks (roughly four times the price of this IPO) if the Treasury wanted to see all the money come back.&nbsp; But the preferred stock lowers that number further.While it sucks that We, The People, now are owners of GM, it doesn&#039;t mean we have a loan outstanding to GM. It means we own part of the company.&nbsp; The NYSE is not a pawn shop, though some try to act like it is.&nbsp; GM the company doesn&#039;t necessarily owe the Treasury (i.e. the Taxpayers) any money back, but rather they are trying to divest the Treasury&#039;s interest by offering the sale of shares.&nbsp;&nbsp; The taxpayers are never going to be &quot;repaid&quot; by GM - we can simply collect our money back by selling our ownership stake in the company we purchased.If I buy a gun from Academy, I didn&#039;t loan them the money; I need to sell the gun to someone else if I want that money back.</blockquote>

[QUOTE="inactive, post: 1356856, member: 7488"] GM is also offering shares of preferred, which are not included in the common stock IPO, so the $140+ per share price is a fallacy. The common stock IPO is going to reduce the Treasury ownership share from 60% to 40-something%, so the actual sale price (if no preferred stock was to be sold) should be somewhere around 100 bucks (roughly four times the price of this IPO) if the Treasury wanted to see all the money come back. But the preferred stock lowers that number further. While it sucks that We, The People, now are owners of GM, it doesn't mean we have a loan outstanding to GM. It means we own part of the company. The NYSE is not a pawn shop, though some try to act like it is. GM the company doesn't necessarily owe the Treasury (i.e. the Taxpayers) any money back, but rather they are trying to divest the Treasury's interest by offering the sale of shares. The taxpayers are never going to be "repaid" by GM - we can simply collect our money back by selling our ownership stake in the company we purchased. If I buy a gun from Academy, I didn't loan them the money; I need to sell the gun to someone else if I want that money back. [/QUOTE]

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